Wisconsin’s Budget Process

The latest brief from the Legislative Reference Bureau, Executive Budget Bills Enacted by the Wisconsin Legislature, 1931-2011, is an interesting look at the evolution and current status of Wisconsin’s state budget process. The detailed look at how each biennial budget is developed explains that the process has already started for agencies even though a budget […]

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Legislative Fiscal Bureau Projects Budget Shortfall

The latest general fund condition statement generated by the non-partisan Legislative Fiscal Bureau projects Wisconsin will be $143.2 million in the hole at the end of the current budget biennium. This is $215.9 million below the LFB’s October 2011 projection. According to the LFB, the $215.9 million change is the net result of: (1) a […]

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Joint Finance Committee Passes Budget Bill; Legislature to Vote Soon

The Joint Finance Committee (JFC) voted along party-lines (12-4) passing the 2011-13 budget bill. The final two nights were marred by protestors disrupting the proceedings. Below is a snapshot of some of the changes made by the JFC to Gov. Scott Walker’s original bill: A provision that creates a domestic production tax credit for manufacturers […]

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Governor Announces Budget Repair Bill

With the state facing a $137 million budget deficit, Governor Walker today has unveiled his budget repair bill for the fiscal year ending June 30, 2011. Notable changes include a number of reform measures focused on bringing government employee benefits closer to the private sector. Pension Contributions – Currently, state, school district and municipal employees […]

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