Massive State Surplus

How about y’all give it back instead of spending it?

MADISON, Wis. (WSAW) — $753 million more than anticipated: that’s what Wisconsin’s legislative fiscal bureau announced Wednesday as extra funding for the next biannual budget.

But Wisconsin’s Department of Revenue (DOR) Secretary Peter Barca tells NewsChannel 7 that extra money may not be quite what it seems.

On Tuesday, the Department of Revenue released a statement showing a sharp increase of revenue coming in from corporate tax collections compared to 2018, which Barca says largely contributed to that extra $753 million.