Revenue projections show Wisconsin has $154M surplus

State Capitol, Madison

State Capitol, Madison

MADISON (AP) — Republican Gov. Scott Walker‘s administration says new revenue projections show the state will finish the 2011-2013 biennium with a $154.5 million surplus.

The nonpartisan Legislative Fiscal Bureau estimated in February the state would finish the two-year period with a $143 million deficit. But Department of Administration Secretary Mike Huebsch wrote in a letter to Walker on Thursday, May 10th that personal income growth has been stronger than anticipated and the state now expects to collect $265 million more in taxes than theĀ Legislative Fiscal Bureau expected.

The developments are good news for Walker, who faces Democrat Tom Barrett in a June 5 recall election.

Democrats are trying to oust Walker from office as payback for proposing a contentious law stripping most public workers of nearly all their union rights.

Related stories:

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


Related Stories


Follow

Get every new post delivered to your Inbox.

Join 1,295 other followers