LFB projects $7.1 billion surplus at end of fiscal year

The Legislative Fiscal Bureau today projected the state will finish the current fiscal year with a $7.1 billion surplus, $524 million more than what the Evers administration expected just two months ago.

LFB cited three factors driving the surplus above the nearly $6.6 billion that was projected in November. The biggest is the state’s Medicaid fund will have a higher surplus thanks to the federal government continuing enhanced matching rates. That will result in $269.9 million more being lapsed into the general fund at the end of this fiscal year than had been expected.

The 2021-23 stat...

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