Wisconsin Anticipates $4 Billion Surplus Amid Budget Debate
MADISON, Wis. — A new report from the Wisconsin Department of Administration (DOA) reveals the state is projected to conclude the current fiscal year with a surprising $4 billion surplus, a significant increase attributed to higher-than-expected revenue collections. This figure does not account for the additional $1.9 billion in the state’s "rainy day" fund, which has reached a record high.
The DOA’s findings, released this week, indicated a revenue bump of nearly $500 million over earlier estimates. This surplus will guide the formulation of Wisconsin’s next budget, expected to be unveiled in February by Governor Tony Evers.
The emerging budgetary dispute sees Republicans advocating for returning the surplus to taxpayers, citing concerns that Governor Evers’ proposed spending increases could turn this surplus into a deficit of over $740 million by the end of the 2025-27 budget cycle. State Rep. Mark Born, R-Beaver Dam, criticized potential government expansion, emphasizing a commitment to fiscal prudence and taxpayer relief.
In contrast, Democrats on the legislature’s budget-writing committee argue that the surplus funds should have been previously invested in essential public services, particularly education. State Sen. Kelda Roys, D-Madison, expressed disappointment over the lack of earlier investments in public schools and local governments, indicating that such neglect contributed to the current surplus.
Governor Evers responded by emphasizing the importance of balancing fiscal responsibility with strategic investments to sustain economic momentum. He urged a thoughtful approach to the upcoming budget, reflecting on the state’s overall financial health and the contributions of Wisconsin residents over the past five years.
With budget discussions heating up, the decisions made in the coming months will shape Wisconsin’s financial landscape for years to come.
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