State revenues beat original projections, off slightly from January projection

Despite a COVID-19 pandemic that roiled the state’s economy for the final quarter of the year, the state still took in more tax revenue in 2019-20 than originally expected when the budget was signed more than 13 months ago, according to the Legislative Fiscal Bureau.
The $17.5 billion the state collected was $211.8 million more than what LFB had estimated when Gov. Tony Evers signed the budget in July 2019. That means half of the extra revenue -- about $105.9 million -- will go into the state’s budget stabilization fund.
Prior to the pandemic, the LFB in January had upped its revenue projectio...

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