The state of Wisconsin will begin the next budget cycle with a balance of nearly $1.9 billion, a new report projected Tuesday, Jan. 26.
The estimate from the Legislative Fiscal Bureau also projected state tax revenue between now and the end of the next budget would be $1.2 billion higher than Gov. Tony Evers’ administration predicted two months ago.
The increase in revenue is high enough that the state, by law, will need to make another deposit in its "budget stabilization fund," typically referred to as the state’s "rainy day fund." That $232 million deposit would bring the overall fund to nearly $994 million. Learn more.