Legislative Fiscal Bureau: Wisconsin budget forecast improves by $138 million

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

MADISON — Wisconsin’s state budget is now projected to end with $138 million more than previously thought when it cleared the Legislature last year.

The nonpartisan Legislative Fiscal Bureau on Wednesday said the current two-year budget that ends on June 30, 2019, will end with a $385 million balance.

Republican co-chairs of the Legislature’s budget committee Sen. Alberta Darling and Rep. John Nygren heralded the news. They say it shows “common sense reforms and prudent fiscal budgeting have put us on great fiscal standing.”

The Fiscal Bureau says the higher forecast was largely the result of $76 million more in estimated tax collections, a nearly $98 million drop in spending caused mostly by re-estimates of debt payments and a $38 million fund transfer.

Notice: you are using an outdated browser. Microsoft does not recommend using IE as your default browser. Some features on this website, like video and images, might not work properly. For the best experience, please upgrade your browser.