Current Fiscal Year Savings Targets Announced

On July 22, Gov. Evers announced a directive for state agencies to identify $250 million in additional savings for the current fiscal year (FY 20-21). This is the second round of cuts by the administration to manage state expenditures, as state revenues are down due to pandemic. In April, the governor ordered a five percent cut to state agency […]

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State Agencies Submit 2021-23 Budget Requests

The 2021-23 state budget development process is now underway. On September 15, Wisconsin state agencies submitted their 2021-23 state budget requests to the governor and Department of Administration (DOA). In his June budget instructions to the state agencies, Governor Evers directed agencies to assume zero budget growth (with a few exceptions like exceptions for K-12 […]

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LFB Releases Better-Than-Expected Revenue Numbers

On August 30, the Legislative Fiscal Bureau (LFB) released the preliminary 2019-20 general fund tax collections. While many budget-watchers anticipated very bad news for state revenues, the LFB report actually showed tax collections up slightly (1.1 percent) over the previous year. Based on the preliminary information, collections totaled $17.5 billion in 2019-20, which is $112.6 […]

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Governor Evers Directs State Agencies to Identify More Savings

On July 22, Gov. Evers announced a directive for state agencies to identify $250 million in additional savings for the current fiscal year (FY 20-21). This is the second round of cuts by the administration to manage state expenditures, as state revenues are down due to pandemic. In April, the governor ordered a five percent […]

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LFB Releases Updated General Fund Tax Collections, UI Information

On July 9, the Legislative Fiscal Bureau (LFB) released updated numbers on Wisconsin’s general fund and the state’s unemployment insurance system. General Fund Collections  Due to the coronavirus pandemic, tax collections for June 2020 were $370 million below collections in June 2020. The drop in collections reflects a continued decline over the past three months. […]

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Gov. Evers Releases Major Budget Policies for Agencies in 2021-23

Gov. Tony Evers recently provided state agencies with his major budget policies for 2021-23. The budget instructions request agencies prepare budgets without asking for new spending in either year of the biennium. The budget policies direct agencies to assume zero budget growth in both fiscal years of the biennium but provide exceptions for K-12 school […]

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Latest Wisconsin Revenue & Unemployment Numbers

The Legislative Fiscal Bureau recently released a memo providing updates on Wisconsin budget and unemployment insurance numbers.   Tax Collections The memo reports that Wisconsin’s tax collections for the first nine months of the current fiscal year (through March) increased by 5 percent over the same period for 2018-19. However, numbers for April and May […]

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Wisconsin Budget Update: DOA Spending Cuts, General Fund Update, UI Projections

Like most Wisconsin businesses and citizens, Wisconsin government is facing significant negative economic consequences from the COVID-19 pandemic. As the state heads into the second fiscal year of the 2019-21 biennium, agencies and legislators are analyzing the numbers and looking at how to adapt the state budget for 2020-21 and beyond.   Unemployment Insurance Trust […]

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Additional DOR Auditors Generate 11.8 to 1 Return on Investment

According to a Department of Revenue (DOR) report from the end of December, new tax auditors hired in the 2015-17 budget cycle generated an 11.8 to 1 return on investment for the state in fiscal year 2019. The 2015-17 state budget required DOR to annually report to the Joint Finance Committee on the estimated tax […]

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DHS Projects $39.8 Million Medicaid Shortfall

In a report sent to the Joint Finance Committee at the end of December, the Department of Health Services (DHS) projected a $39.8 million Medicaid shortfall over the next two years. DHS noted this shortfall is less than one percent of the $6.7 billion Medicaid general purpose revenue (GPR) budget for 2019-21. The letter from […]

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