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 […]
Joint Finance Committee Passes Budget Bill; Legislature to Vote Soon
Date Thu, Jun. 9, 2011 - 12:35pm By Hamilton
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 […]
Governor Announces Budget Repair Bill
Date Fri, Feb. 11, 2011 - 4:56pm By Hamilton
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 […]