|Contact: DOA Communications, (608) 266-7362|
|Dept. of Administration: State ends fiscal year with $588.5 million balance, grows rainy day fund to record-high $320.1 million|
|MADISON – Wisconsin ended the most recent state fiscal year with a positive balance of $588.5 million and grew the state Budget Stabilization Fund to a record-high $320.1 million, according to the new Annual Fiscal Report released today by the state Department of Administration (DOA).
“The tough, prudent financial decisions and common-sense reforms that have supported job creation and led to record-low unemployment in Wisconsin, have also contributed to our state’s budget ending the most recent fiscal year in excellent shape,” DOA Secretary Ellen Nowak said. “The balance is over $41 million higher than was recently estimated, and this is in part due to higher-than-expected state revenues, which is great news as we look ahead to the next budget cycle.”
Highlights from the state’s Fiscal Year 2018 Annual Fiscal Report include:
The full report is available online.