LFB now projects $3.25 billion surplus, down from $4 billion

BudgetBlog_16X9

The Legislative Fiscal Bureau today projected the state will now finish the 2023-25 biennium with a surplus of $3.25 billion, nearly $800 million less than what was expected when the budget was signed last year.
The drop was largely driven by two factors: a decrease in the projected growth of tax collections and the deal Assembly Speaker Robin Vos, R-Rochester, struck with UW officials to curtail ...

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