Just because LFB didn’t “find” new money for the legislature to play with does not mean that Wisconsin is in a poor fiscal situation. According to the estimates, Wisconsin tax collections will be near $31 billion for the 2015-17 biennium, which is about $2.5 billion more than was estimated for the 2013-15 budget. That is an increase of more than eight percent over the previous budget – which, as we said, cut taxes.
“Wisconsinites are better off today because of the prudent financial decisions we made last budget,” Sen. Alberta Darling said on Wednesday. “We’ve already returned over $2 billion to the hardworking taxpayers of our state.”
So, what is the real problem Wisconsin is facing? It’s spending.