Memo: General fund $651m short heading into next budget

MADISON, Wis. (AP) — New projections show Wisconsin’s general fund will be about $650 million short of meeting spending commitments heading into the into the 2021-23 state budget.

The Legislative Fiscal Bureau released a memo Thursday that shows spending commitments under current law and the newly passed 2019-21 state budget, ranging from debt service to state worker raises to grants, will outpace revenues by the beginning of the next budget by $651 million.

The fiscal bureau cautions that the projections don’t take into account potential revenue increases or changes in state population, state program caseloads, employee compensation or inflation. The memo says the numbers are simply meant to give legislators an idea of the starting point for the next budget.

Associated Press

Associated Press

More News

STORMTRACKER 18 WEATHER
Eau Claire
74°
Menomonie
71°
Chetek
76°
Durand
77°
Ladysmith
74°
Neillsville
76°
Rice Lake
New Richmond
78°
Black River Falls
73°
Medford
72°
River Falls
Duluth
69°
Green Bay
75°
La Crosse
74°
Madison
72°
Milwaukee
Twin Cities
78°
Connect with WQOW
Top Stories
Scroll to top
Skip to content