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August 27, 2021 Contact: WisDems Communications (press@wisdems.org) |
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Wisconsin’s Bond Ratings Upgraded, Showing Signs of Recovery Under Gov. Evers’ Leadership |
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Wisconsin Also Has Unprecedented Revenue Predictions and a Nearly $2.39 Billion General Fund Surplus |
| MADISON, Wis. — Today, Gov. Evers announced that the state of Wisconsin’s bond rating has been upgraded by multiple agencies based on Wisconsin’s strong fiscal performance under the governor’s leadership.
Wisconsin’s economy is bouncing back under Gov. Evers – over the last three years, the governor has more than quadrupled the state’s budget reserves; Wisconsin will begin this fiscal year with a $2.39 billion general fund surplus; and the state’s unemployment rate is one of the lowest in the nation. All of this, and the governor was still able to provide more than $4 billion in individual income tax relief for Wisconsinites, cutting taxes for 1.6 million people.
“Wisconsin is bouncing back thanks to Gov. Tony Evers’ leadership,” Democratic Party of Wisconsin Rapid Response Director Kayla Anderson. “Together, Gov. Evers, President Biden, and Wisconsin’s Congressional Democrats have quickly delivered relief to working families – with the governor’s middle-class tax cuts and millions in small business relief, rural broadband funding, tourism funding, relief for farmers, and infrastructure grant funding. While the state still has a long road ahead to recovering from this once-in-a-lifetime pandemic, these upgraded bond ratings are another step in the right direction.” |
