Wisconsin Budget Surplus Grows
It’s almost hard to imagine a government being able to pay its bills anymore. I guess this is what good fiscal governance looks like.
The governor and GOP lawmakers are now projected to have nearly $1.7 billion in extra revenue to assemble the next two-year budget.
Legislative Fiscal Bureau projections Thursday upped the expected gross balance at the end of the biennium to $484.7 million, $136.6 million more than what DOA had projected in its November estimates. They also ratcheted down the expected revenues for the 2013-15 biennium, largely because the state’s estate tax won’t return. The new numbers come as Gov. Scott Walker prepares his two-year budget plan for a Feb. 20 unveiling.
Now let’s see about getting more of that money back into the pockets of taxpayers and reducing the size and scope of government.
Wow.
What a stark contrast to IL where they raised taxes, lost revenue as a result, and face fiscal disaster.
Great Job Scott Walker!
Posted by .(JavaScript must be enabled to view this email address) on January 26, 2013 at 1045 hrs
Now watch Larsen & Co. try to spend it. The money belongs to the taxpayers, not the Democrats and should be returned to saem.
Posted by .(JavaScript must be enabled to view this email address) on January 26, 2013 at 1058 hrs
I always wonder why the focus on state revenue sources is consistently personal income taxes. Sales taxes account for almost 32% of General Purpose Revenues, or $4.1 billion. Not a peep from the Legislature about reducing the sales tax. Nor, for that matter, does the Legislature seem interested in capturing $60 million to $160 million in sales tax revenues being lost to Internet sales (and thus encouraging people not to buy… and support… local economies).
Posted by .(JavaScript must be enabled to view this email address) on January 26, 2013 at 1117 hrs
Jed
People buy on the net to AVOID taxes, which usually help offset the shipping costs. Local vendors who price competitively and/or provide value-added service have nothing to fear from internet sales.
Read as: Kepp your friggin’ hands out of internet sales.
Posted by .(JavaScript must be enabled to view this email address) on January 26, 2013 at 1328 hrs
Where are the 250,000 jobs we were promised .
Quit congratulating your guy and hold him accountable .
We didn’t hire an accountant , we hired a dynamic visionary who has failed miserably at his number one priority
Where are the jobs ?
Posted by .(JavaScript must be enabled to view this email address) on January 26, 2013 at 1349 hrs
Ah, Mark. Ever the hyper-partisan. I see you can monkey the talking points with the best of them. Can’t you be happy that Wisconsin has a budget surplus?
Posted by Owen on January 26, 2013 at 1352 hrs
Mark,
Obamacare is scaring the heck out of every business owner!
Even though I’m under the 50 FTE threshold, and not subject to act as a company, I’ve spent at least $1000 on Obamacare compliance the last 6 months!
Walker’s record is good despite D.C. and this president destroying this economy.
Depsite Walker encouraging business owners the WI fiscal house is in order, we cannot ignore the irresponsibility of the President when it comes to investment.
I’m not expanding investment into job creation until the covetous liberals in Washington are put in check like they have in WI.
Posted by .(JavaScript must be enabled to view this email address) on January 26, 2013 at 1354 hrs
. Where are the 250,000 jobs we were promised .
Quit congratulating your guy and hold him accountable .
We didn’t hire an accountant , we hired a dynamic visionary who has failed miserably at his number one priority
Where are the jobs ?
OK, so let’s say that Wisconsin got the 250,000 jobs, then what would you choose to nitpick? Let me guess, the surplus isn’t high enough. Not enough is spent on whatever? Tell me and the rest of us that read here, what would make you happy, other than having someone other than Scott Walker in office? No matter what the man does, you will nitpick and nitpick until you get someone in office that has the mighty high and mighty capital D after their name.
Posted by .(JavaScript must be enabled to view this email address) on January 26, 2013 at 1428 hrs
How ‘bout a primer on all the jobs Cubic Zirconia Jim created, eh Mark?
Posted by .(JavaScript must be enabled to view this email address) on January 26, 2013 at 1538 hrs
“People buy on the net to AVOID taxes, which usually help offset the shipping costs. Local vendors who price competitively and/or provide value-added service have nothing to fear from internet sales.”
This is quite possibly the most absurd statement I’ve ever read on this matter. Local businesses have to pay to have products shipped to their storefronts. Are they supposed to absorb those costs and not pass them on? And your flippant suggestion of “value-added” service smacks of indifference, a virtual “let them eat cake” to small business owners.
So basically, you’re saying that your neighbor should bust his ass even harder to compete with an out-of-state vendor that isn’t required to collect sales tax because of nothing more than a legal technicality? Classy.
Posted by Recess Supervisor on January 26, 2013 at 1553 hrs
So basically, you’re saying that your neighbor should bust his ass even harder to compete with an out-of-state vendor that isn’t required to collect sales tax because of nothing more than a legal technicality? Classy.
Let me rephrase that:
So basically, you’re saying that your neighbor should bust his ass even harder to pay for those who don’t because of nothing more than a political technicality? Classy.
Are you not your neighbor’s keeper?
Posted by Owen on January 26, 2013 at 1622 hrs
So basically, you’re saying that your neighbor should bust his ass even harder to compete with an out-of-state vendor that isn’t required to
collect sales tax because of nothing more than a legal technicality?
No, the state should bust it’s ass to make sure their sales tax is low enough to compete with other states. So now who made the absurd statement?
Posted by .(JavaScript must be enabled to view this email address) on January 26, 2013 at 1726 hrs
A reminder on sales tax: If you buy something out of state, the buyer is still required to pay the sales tax to his state of residence. The out-of-state business is not required to collect the sales tax for the purchaser’s state of residence. Most state income tax forms ask is there is any state sales due on out-of-state purchases, but only the very honest or very stupid answer in the affirmative and pay the tax.
Posted by .(JavaScript must be enabled to view this email address) on January 27, 2013 at 1605 hrs
People but on the web because of price, $3.50 gas to drive to a store, the availability of products unavailable locally, the availablity of a worldwide used goods marketplace that previously did not exist and to avoid the retail scene.
The value added statement in comment 4 is correct. People do not buy online items for which they are expecting to get local service and advice.
Posted by .(JavaScript must be enabled to view this email address) on January 27, 2013 at 1744 hrs
“The governor and GOP lawmakers are now projected to have nearly $1.7 billion in extra revenue to assemble the next two-year budget.”
Wow, this mother-trucker Walks on water the way he fixed the Wisconsin budget crisis. In two year, the budget crisis was LAID WASTE by SCOTT WALKER and replaced with:$1,700,000,000.
It’s like Christ converting water to wine or turning a couple fish and loaves of bread into enough food for crowd.
Amazing.
...and then I remember,
the budget crisis was a bullshit scare tactic because it was only a rough plan, Walker pushed a lot of debt down the road (as was everyone’s plan all along), and Doyle was handed a lot more debt by Thompson, et al.
...and we mustn’t forget how much of our federal tax dollars Walker refused to recover (high speed rail) and Walker will not “create” 1/2 of the 250,000 jobs her promised without conditions.
Posted by .(JavaScript must be enabled to view this email address) on January 27, 2013 at 2021 hrs
Owen, you calling me a partisan is either high praise or something about a pot/kettle and the color black.
If the state produced 500,000 new jobs and ran a deficit, would the jobs or the deficit be the story.
I’m only holding the Governor to the promise he made to the public.
Creating an atmosphere for job creation is job one. And he’s failing at job one.
Does your boss give you a raise if you show progress in a lesser priority and fail at the primary goal for the year .?
I bet not.
But here is a slow clap for the Gov.
Not- about those jobs ?
Posted by .(JavaScript must be enabled to view this email address) on January 29, 2013 at 0010 hrs
Brain stew, if he hits 250,000 jobs, I will be thrilled.
If he hits 200,000 jobs and cooks the
books for 50,000, I’d call him on it but would be happy with the 200k
( a huge improvement from where we are today.He is going to be disastrously short of 250K .
He and the Republicans told us that having things like a budget surplus and
Control of both houses would let them put their idea’s in place and jobs would follow.They have what they asked for
So, we hold him to his own top priority.
I think that’s fair, don’t you.?
Posted by .(JavaScript must be enabled to view this email address) on January 29, 2013 at 0020 hrs
Mark:
It goes without saying that Walker will not meet his pledge. But what do you win? Now you can say “I told you so?”
I’m sad too that Walker’s goal is not readily attainable. Perhaps, I misread you, however it appears you desitre to go back to the tax & spend & debt days of Cubic Zirconia Jim.
Posted by .(JavaScript must be enabled to view this email address) on January 29, 2013 at 0609 hrs
How long does Walker get to fail Mark Maley? Eight years like Obama or eighty years like keynesianism?
Posted by .(JavaScript must be enabled to view this email address) on January 29, 2013 at 0752 hrs
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