State finishes fiscal year with $579 million surplus

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The state finished 2016-17 with a surplus of $579 million, a better ending balance than what the Legislative Fiscal Bureau had previously projected.
The last LFB estimate of a $467 million ending balance, though, did not include a final look at expenditures over the fiscal year. The Department of Administration wrote in its annual fiscal report expenses came in about $41 million less than had been expected, while revenues were up.
Gov. Scott Walker’s office touted it as the second largest closing balance for a fiscal year since 2000. The guv did not call for any new spending, though a spokesma...

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