Dept. of Administration: Gov. Evers, DOA report $4 billion surplus, moderate state revenue increases, and record high ‘rainy day’ fund balance

Madison, Wis. - A report released today by the Wisconsin Department of Administration (DOA) estimates the state will have a gross general fund balance of approximately $4.0 billion at the end of the current fiscal year. This figure does not include the $1.9 billion plus balance in the state’s budget stabilization (“rainy day”) fund, which continues to be at a record-high level. “We’ve wo...