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.

11 Responses to Massive State Surplus

  1. Jason says:

    I’d love for the three or four liberals that feel the need to try to auto-correct us conservatives….  I’d love for them to explain to us in reasoned logic why the Republicans – who control both legislative houses – should accept any budget from Evers and Dems.  Instead of compromising anything, let the budget fail, and let the previous years budget run.

     

    We’ve had several years of surplus while having a strong economy and getting things done correctly.  Why risk any of that for greedy Democrats?

  2. jjf says:

    Or maybe they’ll find a middle ground because they don’t want to be voted out of office.

  3. Jason says:

    >Or maybe they’ll find a middle ground because they don’t want to be voted out of office

    You’ve been wishing that for years little guy.

  4. Mar says:

    jjf, middle ground to liberals you do it the liberal way. Liberals mostly don’t believe in compromise.

  5. jjf says:

    Go ahead, tell me what compromise looks like.  What does each side give and what do they get?  Give me a hypothetical.

  6. guinness says:

    There are no compromises, hypothetical or other, in this scenerio. Walker produced an excellent model that worked great and created a surplus. The only direction to go from there is status quo or down. If Evers had to start with Walkers initial budget, there would be tons of improvements possible. He could ask for what he wants and the legislature could compromise, but Walker already did all the good stuff.

  7. Merlin says:

    Barca ought to explain why he feels the $753 million isn’t what it seems. Is it because every well-indoctrinated liberal twit believes that corporations don’t pay any taxes? Is it not real like man made global warming isn’t what it seems? Or the Trump Russian hoax isn’t what it seems? Or like if-you-like-your-doctor-you-can-keep-your-doctor healthcare seems? $753 million is an awfully big pile of reality to try denying.

  8. jjf says:

    Wow, Merlin thought of four distractions.

    I snorted a little milk when I read “your doctor”.  Your doctor?  You still have a doctor who works on their own?  They’re not an at-will employee at a larger conglomerate?  They’re somehow morally bound to serve you?  They’re not free to follow the money and take a better job?  Your doctor wasn’t limited to if not chosen for you via the plan your employer handed you?  How long, exactly have you had “your” doctor?

  9. guinness says:

    We’ve had the same GP for over 20 years. None of our specialists have change. Neither has our eye Doc or dentist. In the last 20 years our health care plans have changed several times, none of which have been Obamacare, thank God.

  10. kjanz1899 says:

    The best option for the surplus is to put it all toward state debt. That way if Barca is right the worse that cab happen is state makes up any later shortfall with debt. The state still benefit by lowering interest payments.

  11. MjM says:

    Stop drooling, folks. Cart before horse is no way to travel. The ‘surplus’ is only an estimate of future income. It’s not cash sitting in the bank.

    And anyway, given Phony nEvers penchant for flinging tax dollars around to favored comrades, and the seemingly increasing numbers panty-waist RINOs crawling out of the woodwork, they’ll find away to piss away any extra income.

    EV charging stations, anyone?

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