Troubling fiscal trend on the horizon… Read More New Analysis Shows The Size Of The Spending Structural Deficit
New Analysis Shows The Size Of The Spending Structural Deficit
LFB
ICYMI: LFB Estimates Even Bigger Budget Surplus Of $1.9 Billion, And CRT Bills Receive A Hearing
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, …
MacIver News Minute: Safer at Home Hits State’s Finances
LISTEN – Some of the drop in tax collections can be attributed to the delayed July filing date for taxes but clearly the unnecessary statewide lockdown is having a huge impact on your wallet and the state’s fiscal condition. Read More MacIver News Minute: Safer at Home Hits State’s Finances
The Impact of COVID-19: Tax Revenues Down $380 Million
The non-partisan Legislative Fiscal Bureau released their May revenues report this week. Overall tax revenues are down by $380 million but are there signs that the state’s economic picture is improving? Read More The Impact of COVID-19: Tax Revenues Down $380 Million
