New projection puts state tax collections $1.2 billion higher through mid-2023 than previously expected

State tax collections through mid-2023 will be nearly $1.2 billion higher than what Gov. Tony Evers’ administration had expected just two months ago, according to the Legislative Fiscal Bureau.
LFB Director Bob Lang wrote in a memo to the Joint Finance co-chairs late this afternoon that the state is now expected to finish the current fiscal year June 30 with a gross balance of nearly $1.9 billion, compared to more than $1.2 billion that the Evers administration had expected.
Lang wrote revenue collections for this fiscal year are now expected to be $437.4 million more than what the Department ...

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