The Jay Weber Show

The Jay Weber Show

Jay Weber knows what you want to talk about. His show examines the big issues, trends, and events at all levels -- local, state, and national -- from...Full Bio

 

Wisconsin Budget Surplus Expected To Hit $385.2 Million

via MacIverNews by Bill Osmulski

The Legislative Fiscal Bureau had good news for the State of Wisconsin on Wednesday morning when it announced the state is on track to end the biennium with $137.5 million more in the general fund than originally estimated just four months ago.

In September, when the 2017-19 budget was passed, LFB estimated the state would end the 2019 fiscal year with $247.7 million. Now LFB predicts it will be $385.2 million.

The increase is expected to come from $76.3 million more in tax collections, $1.7 million more in departmental revenues, $97.7 million in lower spending, and a $38.2 million transfer to the budget stabilization fund.

The lower spending mostly comes from debt service adjustments. The state did some refinancing and is not issuing as many new bonds as expected.

The complete story here > Wisconsin Budget Surplus Expected To Hit $385.2 Million


Sponsored Content

Sponsored Content