Corporate tax collections drive $1.2 billion surplus to end fiscal year
A continued surge in corporate tax collections over the rest of this fiscal year will help produce a $1.2 billion surplus to end the...
Vos reappoints Nygren Joint Finance co-chair
Speaker Robin Vos, R-Rochester, today reappointed John Nygren as the Assembly lead of Joint Finance.
The appointment, which had been expected, makes the Marinette Republican...
LeMahieu appoints Marklein JFC co-chair
Senate Majority Leader-elect Devin LeMahieu today appointed Sen. Howard Marklein, R-Spring Green, co-chair of the Joint Finance Committee.
Marklein replaces Sen. Alberta Darling, a River...
State revenues beat original projections, off slightly from January projection
Despite a COVID-19 pandemic that roiled the state’s economy for the final quarter of the year, the state still took in more tax revenue...
Joint Finance approves plans for WHEDA surplus, agency overdrafts while signing off on DOJ...
The Joint Finance Committee unanimously backed a modified proposal from WHEDA to use a $16.7 million surplus from 2018-19, the Evers’ administration’s plans to...
Joint Finance Committee to take up four DOJ settlements Tuesday
The Joint Finance Committee will meet Tuesday with an agenda that includes four settlements the Department of Justice has asked lawmakers to approve.
The committee...
LFB: Tax collections again drop in May compared to ‘19, but not as steep...
Wisconsin tax collections in May dropped again compared to the same period a year before due to the fiscal impact of COVID-19, but significantly...
UW System accounts for nearly two-thirds of Evers’ 5 percent GPR reduction
-- The UW System will account for nearly two-thirds of Gov. Tony Evers’ $70 million reduction in general purpose operations.
That amounts to about $45.8...
Cross proposes campus cuts, consolidation of administrative services to deal with COVID-19 challenges
UW System President Ray Cross is recommending campuses cut programs and consolidate administration to survive the “unprecedented challenges” of the COVID-19 pandemic.
Cross also told...
LFB: Tax collections down significantly in April from COVID-19, general fund ‘undoubtedly’ will take...
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...
Evers cutting agency budgets to deal with revenue loss from COVID-19
The Evers administration is immediately cutting executive branch agency budgets 5 percent in the current fiscal year to help deal with the looming state...
Evers to Trump: Wisconsin faces more than $2B revenue loss due to COVID-19
Gov. Tony Evers told the White House his administration estimates state revenues will drop more than $2 billion over the next year in the...
COVID-19 bill would allow JFC to transfer up to $75 million from sum sufficient...
The Joint Finance Committee would be able to transfer up to $75 million from sum sufficient appropriations during the current public health emergency under...
UW System bracing for losses due to COVID-19, Madison to be hardest hit
The Madison campus is set to take a bigger financial hit from COVID-19 than the rest of the UW System combined.
Robert Cramer, UW System...
Evers, GOP leaders grapple over response to COVID-19 pandemic
Democratic Gov. Tony Evers and Republican legislative leaders have been trading ideas -- and barbs -- about the appropriate state response to the coronavirus...
