Boots & Sabers

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0850, 18 Oct 16

Wisconsin Finishes Biennial Budget Cycle with Surplus


MADISON, Wis. (AP) — A new report shows the state finished the last fiscal year in the black.

Gov. Scott Walker’s Department of Administration released a report Monday showing the state finished the year that ended June 30 with $313.8 million left over.

The report says the state collected $15.1 billion in general-purpose revenue taxes, which include individual and corporate income taxes, sales tax and excise taxes. That’s up 3.8 percent from the previous year.

Expenditures total $15.3 billion, $103 million less than the $15.4 billion allocated for spending in the state budget.

State aid to municipalities and school districts accounted for 51 percent of spending. Aid to individuals and organizations represented 25.8 percent.


0850, 18 October 2016

1 Comment

  1. Breeze

    Owen certainly a step in the right direction but didn’t the report also have a footnote that not all agencies have reported their final numbers yet? I think we should be cautiously optimistic but would of preferred if all agencies were accounted for prior to the “victory lap”

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