Budget

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Budget BLOG

Evers calls for using $1.7B of surplus for tax rebates, education funding

Gov. Tony Evers today called for using $1.7 billion of the state’s projected surplus to provide a tax rebate of $150 for each Wisconsin...
Budget BLOG

LFB projects $3.8 billion surplus for 2021-23 budget

The Legislative Fiscal Bureau today projected the state will finish the 2021-23 budget with a $3.8 billion surplus, nearly $2.9 billion more than was...
Budget BLOG

Evers administration expects ‘21-’22 tax revenues to come in ahead of projections

The Evers administration today predicted revenues for the 2021-22 fiscal year will come in higher than expected with collections from income, corporate and sales...
Budget BLOG

DPI submits scaled-back plan to reward districts that provided in-person instruction

DPI wants to use a smaller pot of federal COVID-19 funds to reward districts that provided in-person instruction during the pandemic. This comes after the...
Budget BLOG

Neubauer to appoint Meyers to Joint Finance Committee

Incoming Assembly Minority Leader Greta Neubauer, D-Racine, announced this afternoon she is appointing outgoing Rep. Beth Meyers, D-Ashland, to the Joint Finance Committee. Meyers, who...
Budget BLOG

Budget committee approves bill directing Evers administration to create plan to increase ag exports

The Joint Finance Committee voted unanimously today to sign off on legislation that would direct DATCP and WEDC to create a plan to increase...
Budget BLOG

Joint Finance approves releasing $400,000 for meat processor grants

The Joint Finance Committee voted unanimously today to release $400,000 over the next two years to DATCP for meat processor grants. The budget approved this...
Budget BLOG

LFB: State tax collections $319 million higher than June estimate

State tax collections continued to exceed expectations in the 2020-21 fiscal year as the state took in $319 million more than what the Legislative...

Evers signs budget, OKs $2 billion income tax cut, nixes withholding changes, rainy day...

Gov. Tony Evers OK’d a more than $2 billion income tax cut that reduces one of Wisconsin’s three brackets as he largely signed off...
Budget BLOG

LFB: State would miss $2.2 billion in K-12 aid if full budget vetoed

Wisconsin wouldn't qualify for some $2.2 billion in federal aid for K-12 education if Gov. Tony Evers vetoed the GOP-authored budget in full and...
Budget BLOG

Assembly Republicans shoot down Dem budget amendment to expand Medicaid

The state Assembly this afternoon kicked off debate on the state budget by shooting down a Dem amendment to expand Medicaid under the Affordable...
Budget BLOG

LFB analysis: Median-valued home would see lower tax bill under JFC’s budget compared to...

The owner of a mythical median-valued home in Wisconsin would see a smaller property tax bill under the version of the budget the Joint...
Budget BLOG

State would face $286M structural deficit for next biennium under JFC budget

The state would face a structural deficit of $286 million for the next biennium under the budget the Joint Finance Committee approved, according to...
Budget BLOG

LFB analysis finds JFC’s budget spends $3.7B less than Evers’ version

The Joint Finance Committee's version of the budget would spend $3.7 billion less in all funds than what Gov. Tony Evers proposed while approving...
Budget BLOG

Joint Finance approves budget after adding $3.4 billion tax cut

The Joint Finance Committee voted along party lines Thursday to approve a state budget after adding a $3.4 billion tax cut. But more than $200...
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