Wisconsin surplus more than originally thought.
Written by Jesse Baroka on November 22, 2022
MADISON, Wis. (AP) — Wisconsin’s projected state budget surplus is now forecast to hit nearly $6.6 billion by July, up from earlier $5 billion estimates. That is according to a report released Monday by Gov. Tony Evers’ administration. The Republican-controlled state Legislature and Evers, a Democrat reelected to a second term this month, will be focused over the next several months on what to do with the money. Evers in August proposed spending $600 million of the surplus on tax cuts, but Republicans rejected it. Evers will submit a two-year state spending plan in February. The Legislature will then rework the plan and pass it likely in June or July.