Budget

To access old Budget Blog archives, CLICK HERE. To access the old WisPolitics.com archives, CLICK HERE. To access the budget motions that Joint Finance has approved this session, CLICK HERE.

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...
Budget BLOG

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...
Budget BLOG

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...
Budget BLOG

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...
Budget BLOG

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...
Budget BLOG

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...
Budget BLOG

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...
Budget BLOG

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...
Budget BLOG

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...
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