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State income is projected to outpace spending in the course of the subsequent two years leaving a $770 million surplus as of July 1, 2027. If spending and income are the identical over 2027-29, the state may have a deficit of -$1.4 billion in its normal fund by the top of that biennium, the nonpartisan Legislative Fiscal Bureau reported.
That excludes the state’s $2.1 billion wet day fund.
Wisconsin ended 2023 with a report $7.1 billion surplus and the final finances cycle with $4.4 billion.
The present state finances spends down $3.6 billion as Gov. Tony Evers prioritized spending will increase for training and childcare whereas Republicans pushed tax cuts.
The state’s normal fund in 2027 is projected to be on the lowest stage since 2018. Wisconsin confronted structural deficits from 1996-2011, with a projected $3.6 billion deficit in the course of the 2011-13 biennium. That prompted steep public worker profit cuts below the controversial Act 10 regulation.
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