JFC approves reallocating bonding for county-run youth facilities

The Joint Finance Committee Tuesday approved redirecting more than $21 million in bonding to offset rising costs for Milwaukee and Racine counties as they build new facilities for young offenders. Meanwhile, one committee member warned inflation will likely raise the

Tax collections running ahead of expectations

Tax collections for the fiscal year that ends this month are running ahead of projections, putting the state in line for another boost to the general fund. The Department of Revenue last week reported general fund tax collections through the

LFB projects $3.8 billion surplus for 2021-23 budget

The Legislative Fiscal Bureau today projected the state will finish the 2021-23 budget with a $3.8 billion surplus, nearly $2.9 billion more than was expected just several months ago. The LFB said the revised estimate was due to $2.5 billion