Wisconsin’s projected budget surplus grows to $6.6 billion
MADISON, Wis. (AP) - Wisconsin’s projected state budget surplus is now forecast to hit nearly $6.6 billion by July, up from earlier $5 billion estimates. That is according to a report released Monday by Gov. Tony Evers’ administration.
The Republican-controlled state Legislature and Evers, a Democrat reelected to a second term this month, will be focused over the next several months on what to do with the money.
Evers in August proposed spending $600 million of the surplus on tax cuts, but Republicans rejected it.
Evers will submit a two-year state spending plan in February. The Legislature will then rework the plan and pass it likely in June or July.
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