Madison — The expected shortfall for the next two-year state budget has risen to nearly $1.8 billion, or about half of what it was when Gov. Scott Walker took office in January 2011.
The Republican governor resolved a more than $3 billion budget shortfall in the months after taking office, but the latest projections show a gap once again opening in the 2015-’17 budget because of tax cuts enacted by Walker and lawmakers and lagging growth in other state taxes in recent months.
The projected weakness in the state budget matters to ordinary people because it would make it harder for state leaders to increase spending on priorities such as schools or cut taxes further for state residents.
Via Wisconsin state budget shortfall projected at nearly $1.8 billion @ JSOnline