Boots & Sabers

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1504, 28 Aug 15

Wisconsin Tax Collections Come In Above Budget


The Department of Revenue Wednesday reported preliminary general fund tax collections of $14.54 billion in 2014-15, an increase of 4.3 percent over the previous year. Income and insurance taxes came in below the LFB’s January estimates. But that was more than made up by bumps in corporate, excise, cigarette, sales and other taxes.

The fact that the state collected more than it expected is a good thing. It indicates that the economy is stronger than forecasted. But if the government collects more than it needs for its budgeted expenses, it should return the excess to the taxpayers.


1504, 28 August 2015

1 Comment

  1. Kevin Scheunemann

    I’d settle to use the money to make a run at abolishing/ reigning in the out of control DNR.

    If we got the DNR running around needlessly raising water and sewer bills for working families, that cost could be voluminous relative to refund here.

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