ICYMI: LFB Estimates Even Bigger Budget Surplus Of $1.9 Billion, And CRT Bills Receive A Hearing

By MacIver Institute - August 13, 2021

Budget Surplus, Critical Race Theory, CRT, Ella French, General Fund, Legislative Fiscal Bureau, LFB, Soft On Crime

August 13, 2021 New Estimate Predicts $1 Billion More By End Of FY 23 An updated general fund estimate from the nonpartisan Legislative Fiscal Bureau (LFB) shows that the State of Wisconsin is now expected to finish the current fiscal year (FY) with a $1.9 billion surplus, $664 million more than they estimated at the end of June. LFB also estimated that the state will have a closing balance of $1.6 billion at the end of the biennium, which is $1.2 billion more than estimated in June. While the higher-then-expected estimate is just that, an estimate at this point, …

Budget Blog: “Unprecedented” Tax Collections Lead To Immediate $2.6 Billion Surplus, Could Reach $5.87 Billion By ‘23

By MacIver Institute - June 8, 2021

ARPA, General Fund, Income Taxes, Revenue Surplus, Tax Collections, Tax Revenue

The Legislative Fiscal Bureau’s newly released revenue re-estimates show an unexpected $2.6 billion general fund surplus by the end of FY2021, and an even bigger $5.87 billion surplus by the end of the 2021-2023 budget. This is thanks in part to an “unprecedented” $4.4 billion more in tax collections over previous estimates. Read More Budget Blog: “Unprecedented” Tax Collections Lead To Immediate $2.6 Billion Surplus, Could Reach $5.87 Billion By ‘23

State Of Wisconsin In Good Fiscal Shape – For Now

By MacIver Institute - October 23, 2020

Annual Fiscal Report, Coronavirus, Department of Administration, General Fund, General Purpose Revenue, Legislative Fiscal Bureau, Taxes, Wisconsin Budget, Wisconsin Covid19

Despite COVID-19 & Safer At Home, the 2020 fiscal year ended with a record General Fund balance and other big gains for taxpayers. Read about these and more in our latest fiscal update for Wisconsin. Read More State Of Wisconsin In Good Fiscal Shape – For Now

On The John Muir Show: New London Bureaucrats Trying To Deceive The Public About Wheel Tax

By Chris Rochester - September 19, 2018

General Fund, John Muir Show, New London, Revenue, Roads, Transportation, Wheel Tax, WTAQ

MacIver’s Bill Osmulski joins John Muir on WTAQ to discuss a follow-up to his report about New London’s wheel tax windfall. According to the city’s own budget, the money went into a general fund and wasn’t segregated or spent on roads. The city’s finance director disputes that in a recent local news article, but her denial is plainly refuted by her city’s own budget. Read More On The John Muir Show: New London Bureaucrats Trying To Deceive The Public About Wheel Tax

New London Officials Deny Wheel Tax Went Into General Fund – Contradicting City Budget

By MacIverNews - September 18, 2018

General Fund, New London, Revenue, Roads, Transportation, Wheel Tax

By Bill Osmulski – As you can plainly see, the city’s $184,000 wheel tax revenue is listed under “General Fund Revenues” resulting in a “Total General Fund Revenue” of $7,355,081. That’s not all. The Press Star also asserts that I “did not speak to city officials for the article.” Perhaps the reporter should have checked with this reporter before writing such an inaccurate statement. Here is my email exchange with the finance director… Read More New London Officials Deny Wheel Tax Went Into General Fund – Contradicting City Budget