Wisconsin’s budget forecast has dipped slightly.
Written by Jesse Baroka on May 16, 2023
MADISON, Wis. (AP) — Wisconsin’s budget forecast has dipped slightly, but the latest projection still calls for the state to collect about $6.9 billion more than anticipated by the end of June. The latest projection Monday from the nonpartisan Legislative Fiscal Bureau estimates that taxes collected over the next two years will be down about $755 million, or about 1% less than the previous estimate made four months ago. Taking into account other short-term cost savings, the surplus shrank from $7.1 billion to nearly $6.9 billion. The new estimate comes as lawmakers, Gov. Tony Evers and others are trying to strike a deal on a new, multibillion-dollar aid plan for local governments ahead of a vote Wednesday in the state Assembly.