Fantastic. Let’s return it to the taxpayers. That would be about $100 for every man, woman, and child in the state. I’m sure a family of 4 would appreciate a $400 check before Christmas.
The state finished 2016-17 with a surplus of $579 million, a better ending balance than what the Legislative Fiscal Bureau had previously projected.
The last LFB estimate of a $467 million ending balance, though, did not include a final look at expenditures over the fiscal year. The Department of Administration wrote in its annual fiscal report expenses came in about $41 million less than had been expected, while revenues were up.
Gov. Scott Walker’s office touted it as the second largest closing balance for a fiscal year since 2000. The guv did not call for any new spending, though a spokesman noted Walker has previously urged lawmakers to use money saved through his budget vetoes to cover a $9.7 million boost in aid for small, rural districts in 2018-19.