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Oct 15, 2024 · While the ending balance is $821.3 million higher than estimated, budget figures for F Y 2024 included a $423.3 million transfer from the state General Fund to the Capital Improvement Fund that will occur in F Y 2025. The current Budget Stabilization Fund balance increased to $1.9 billion, the largest figure in the state’s history and over $1 ...
Oct 16, 2024 · At the end of the 2025 fiscal year, next June, the fiscal bureau projected the surplus would be around $3.13 billion. Wisconsin Policy Forum President and Research Director Jason Stein said the surplus came in above previous estimates, in part, because tax revenues were about $275.7 million higher than projected and state spending came in about $423 million below projections.
Oct 17, 2023 · In the end, Republicans deleted many of Evers’ budget proposals and gave him less than half of what he wanted for public schools, and the governor used his partial veto to reject a tax cut for the state’s top two brackets. The state’s annual fiscal report also confirmed it had $1.8 billion dollars in its rainy-day fund as of the end of June.
Agency Budget Requests 9/15/2022; Agency Budget Requests & Revenue Estimates 11/21/2022; 2023-25 Executive Budget 2023-25 Capital Budget Governor's Veto Message 2023-25 Enacted Budget Biennial Budget (2021-23) Governor's Budget Letter to Agencies 6/5/2020; Major Budget Policies; Agency Budget Requests 9/15/2020
The state would still retain roughly $1.8 billion in its rainy day fund, leaving it with nearly $5.9 billion in total reserves. That would amount to 25.5% of spending (or net appropriations) for fiscal year 2025, which would be well above the levels typically seen in both Wisconsin and among state governments on average over the past two decades.
May 23, 2024 · The estimate from the nonpartisan Legislative Fiscal Bureau shows Wisconsin’s budget surplus is projected to be around $3.13 billion dollars by the end of next June, which is the end of the ...
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After including certain routine adjustments but excluding all new spending requests by state agencies, we find general fund revenues are currently projected to exceed budgeted spending by a staggering $6.8 billion over the two-year cycle running from July 2023 to June 2025. The excess revenues amount to just under $3 billion, or 15.3% of spending, in year one of the budget and more than $3.8 ...
