Budget

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Budget BLOG

New projection puts state tax collections $1.2 billion higher through mid-2023 than previously expected

State tax collections through mid-2023 will be nearly $1.2 billion higher than what Gov. Tony Evers’ administration had expected just two months ago, according...
Budget BLOG

Vos adds Kurtz, Rodriguez to Joint Finance

Assembly Speaker Robin Vos, R-Rochester, today added Reps. Tony Kurtz, R-Wonewoc, and Jessie Rodriguez, R-Oak Creek, to the Joint Finance Committee. They fill the vacancies...

Vos appoints Born Joint Finance co-chair

Assembly Speaker Robin Vos today appointed Rep. Mark Born, R-Beaver Dam, to take over as co-chair of the Joint Finance Committee. Born, who has served...

Evers to deliver State of the State, budget addresses virtually

Gov. Tony Evers plans to deliver his State of the State and budget addresses virtually. Evers announced today he wants to deliver the State of...
Budget BLOG

LeMahieu rounds out Senate GOP Finance team

Incoming Senate Majority Leader Devin LeMahieu today rounded out his Finance Committee team, appointing Sen. Duey Stroebel vice-chair and adding four new members. LeMahieu, R-Oostburg,...

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...
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