The Legislative Fiscal Bureau (LFB) has released a memo describing the administration’s planned restructuring of a general purpose revenue (GPR) $108 million commercial paper principal payment in May 2015. According to the memo, the governor and Department of Administration (DOA) are planning to delay a $108 million debt payment in the current Fiscal Year (FY) […]
Gov. Walker’s 2015 State Budget Address
Date Wed, Feb. 4, 2015 - 9:42am By Hamilton
The full transcript of the budget address can be read below: Speaker Vos, Speaker Pro Tem August, President Lazich, Majority Leader Fitzgerald, Minority Leader Shilling, Minority Leader Barca, members of the Wisconsin Supreme Court, Constitutional Officers, tribal leaders, members of the Cabinet, distinguished guests, members of the Legislature, most importantly, fellow citizens of the great […]
2015 State Budget Address: Legislators Respond
Date Tue, Feb. 3, 2015 - 10:04pm By Hamilton
Democratic Legislators responded to the governor’s budget address: Watch reactions to the budget address from state legislators: Wisconsin Eye: Legislators React (Part 1) Wisconsin Eye: Legislators React (Part 2)
LFB Releases Updated Revenue and Expenditure Projections
Date Fri, Jan. 30, 2015 - 10:29am By Hamilton
Last week, Legislative Fiscal Bureau (LFB) released updated revenue and expenditure projections for the current fiscal year (FY 2015) and tax collection projections for each year of the biennium (fiscal year 2016 and fiscal year 2017). In November, the Department of Administration estimated a $132.1 million shortfall in the current fiscal year. Recent analysis from […]
Bucks Arena Plan Moves Forward
Date Fri, Jan. 30, 2015 - 10:18am By Hamilton
Among the budget proposals released by Governor Walker this week came the plan for a new Milwaukee Bucks Arena. Governor Walker’s plan will give the Milwaukee Bucks $220 million in state bonds once $300 million has been raised from other sources. The plan calls for the creation of a Sports and Entertainment District, and any growth […]
Walker’s State Budget Rolls Out
Date Fri, Jan. 30, 2015 - 10:13am By Hamilton
On February 3rd, Governor Walker will provide the details of his budget plan in his Budget Address to the legislature. The anticipation surrounding this biennial address is heightened as Legislative Fiscal Bureau’s revenue numbers released last week indicate revenues for the current fiscal year are less than earlier estimates. With the steep needs of the Medicaid […]
DOT Budget Proposal: Gas Tax Update
Date Thu, Jan. 15, 2015 - 3:46pm By Hamilton
There are only three weeks until the governor’s budget address on February 3rd, leaving plenty of time for speculation around what agency budget proposals will or will not make the cut in the governor’s budget proposal. One of those key proposals is Department of Transportation Secretary Gottlieb’s budget request, which includes a proposal to modify […]
LFB Releases Summary of State Agency Requests
Date Wed, Dec. 17, 2014 - 3:21pm By Hamilton
Last week the Legislative Fiscal Bureau (LFB) released an overview of the state agency 2015-17 budget requests. The summaries include major changes – including items over $250,000 or represent a major policy change. In 2015-2016 all funds requests total $37.1 billion and $38.4 billion in 2016-2017. The all funds request is a $5.5 billion increase […]
2015-2017 State Budget Preview
Date Thu, Dec. 4, 2014 - 10:42am By Hamilton
Printable Version With inauguration day quickly approaching, the leadership has begun to announce the committee assignments for the upcoming session. Most members of the Joint Finance Committee have been announced, with the exception of the two Democratic Assembly members. This week, Senate Majority Leader Fitzgerald announced all the Republican Senate committee assignments, and Speaker Vos […]
DOA Releases Report, Agency Requests Exceed Revenues by $2.2 Billion
Date Thu, Nov. 20, 2014 - 6:15pm By Hamilton
Yesterday afternoon, the Department of Administration (DOA) released the general purpose tax revenue estimates (GPR) for Wisconsin’s FY 2015-2016 and FY 2016-2017 budgets. According to The Wheeler Report preliminary breakdown, agency budget requests exceed expected revenues by $2.2 billion over the next budget biennium. Also, DOR revenue projections were re-estimated and saw the state’s general fund […]