This week, Wisconsin state agencies submitted their 2019-21 state budget requests to Gov. Scott Walker and the Department of Administration. Under Wisconsin’s biennial budget process, DOA’s State Budget Office and the Governor’s Office will review the agency requests and develop the biennial budget. The governor will then present his budget to the state legislature for […]
Agency Budgets Due Monday
Date Thu, Sep. 13, 2018 - 10:26am By Hamilton
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 […]
LFB Releases Preliminary 2017-18 General Fund Tax Collections
Date Thu, Sep. 13, 2018 - 10:12am By Hamilton
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 […]
DHS Projects $102 Million Medicaid Surplus for 2017-19 Biennium
Date Thu, Jul. 12, 2018 - 9:41am By Hamilton
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 […]
Wisconsin Receives $227 Million Federal Transportation Grant
Date Thu, Jun. 14, 2018 - 4:32pm By Hamilton
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. […]
Walker Releases 2019-21 Agency Budget Directives
Date Thu, May. 24, 2018 - 10:47am By Hamilton
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 […]
LFB Projects Surplus at the End of the 2017-19 Biennium
Date Fri, Jan. 19, 2018 - 10:13am By Hamilton
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 […]
DHS Improves Medicaid Projection in Second Quarter Report
Date Fri, Jan. 5, 2018 - 8:26am By Hamilton
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 […]
Sen. Stroebel Appointed to JFC
Date Fri, Dec. 15, 2017 - 9:14am By Hamilton
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 […]
DOR Releases FY2018 First Quarter Tax Collections
Date Thu, Dec. 14, 2017 - 10:01am By Hamilton
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, […]