Agency Budgets Due Monday

Next week will mark the beginning of the next biennium’s state budget process, as 2019-21 agency budget requests are due to Gov. Scott Walker and the Department of Administration (DOA) on Monday, Sept. 17. Walker has directed agencies to be “aggressive” in identifying savings and to aim for zero growth in overall general purpose revenue […]

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LFB Releases Preliminary 2017-18 General Fund Tax Collections

On August 30, the Legislative Fiscal Bureau released the preliminary 2017-18 general fund tax collections. Overall, revenues were 4 percent higher in fiscal year 2017-18 than in 2016-17, totaling $16,144.2 million. Actual collections for 2017-18 were $18.4 million, just 0.1 percent above the amount estimated in January. Revenues from individual income taxes were 1.2 percent […]

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DHS Projects $102 Million Medicaid Surplus for 2017-19 Biennium

On June 29, the Department of Health Services (DHS) submitted its quarterly report to the Joint Finance Committee co-chairs, detailing the latest Medicaid projection for the 2017-19 biennium. DHS estimates a $102.4 million surplus in General Purpose Revenue (GPR) by the end of the biennium (June 30, 2019). The latest projection is $43.7 million more […]

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Wisconsin Receives $227 Million Federal Transportation Grant

Wisconsin has received $227.4 million in federal road funding grants for Fiscal Year 2018. Gov. Scott Walker said the funds will be used for nearly 50 local bridge projects and to complete by 2021 the I-94 North-South project (a Foxconn-related project stretching from near Milwaukee to the Wisconsin/Illinois state line). The funding from the U.S. […]

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Walker Releases 2019-21 Agency Budget Directives

Earlier this month, Gov. Scott Walker provided agencies with directives for preparing their budgets for the 2019-21 biennium. Walker requested agencies be “aggressive” in identifying savings and emphasized that agencies be “good stewards of taxpayers’ money.” In a letter to agencies, Walker asked agencies to focus on making higher education more accessible, improving Wisconsin’s health […]

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LFB Projects Surplus at the End of the 2017-19 Biennium

On Jan. 17, the Legislative Fiscal Bureau (LFB) released their latest projections for the 2017-19 biennium. LFB increased their ending general fund balance projection assumed in the state budget by $137.5 million, leaving the state with a net balance of $385.2 million. The 2017-19 biennium ends on June 30, 2019. LFB reports that the $137.5 […]

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DHS Improves Medicaid Projection in Second Quarter Report

In a recent report, the Department of Health Services (DHS) provided a much more positive projection of the state’s Medicaid program for the current biennium (2017-19). DHS projects the Medicaid program will end the biennium with a balance of $9.6 million general purpose revenue (GPR) and $23.4 million all funds. In September, DHS estimated the […]

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Sen. Stroebel Appointed to JFC

Last week, Sen. Majority Leader Scott Fitzgerald (R-Juneau) named Sen. Duey Stroebel (R-Saukville) to the Joint Finance Committee (JFC). Stroebel replaces former Sen. Sheila Harsdorf (R-River Falls), who recently resigned after Gov. Scott Walker appointed her Department of Agriculture, Trade and Consumer Protection secretary. Many view Stroebel’s appointment to the committee as a nod to […]

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DOR Releases FY2018 First Quarter Tax Collections

On Dec. 1, the Department of Revenue released the FY 2018 first quarter tax collections. Overall, collections from the first quarter of FY 2018 were up 2.1 percent over the first quarter last year. This is attributed mainly to a 6.2 percent increase in general sales and use taxes. Corporate income and other (estate, utility, […]

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State Finishes Fiscal Year 2017 With $579 Million Surplus

On Oct. 15, the Department of Administration (DOA) released the Annual Fiscal Report detailing the fiscal condition for fiscal year 2016-17 (FY 17), which ended June 30, 2017. The state ended the year with a general fund balance of $579 million. This is $112 million more than the projected closing balance estimated in the budget […]

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