LFB: Tax collections down significantly in April from COVID-19, general fund ‘undoubtedly’ will take hit

State tax collections dropped significantly in April as Wisconsin felt the impact of COVID-19, which will “undoubtedly decrease’’ previous projections the general fund would finish the fiscal year with a surplus of nearly $1.1 billion, according to a new LFB memo. Still, Legislative Fiscal Bureau Director Bob Lang wrote to lawmakers today it is difficult to get a true handle on the state’s fiscal ...