Wisconsin Independent Businesses

Wisconsin small, independent business owners need a voice in state government. WIB has a full-time lobbyist who advocates on behalf of the needs and concerns of small, independent businesses.


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122 West Washington Avenue, Suite 650
Madison, Wisconsin 53703
1-800-362-9644 (Toll-free Hotline)
608-255-6600 FAX


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News of the Day May 24, 2024
State of Wisconsin’s Budget Surplus Shrinks Slightly under Latest Estimate

Wisconsin’s budget surplus is projected to shrink slightly, according to new numbers from the Legislature’s nonpartisan budget office. But the projections would still leave lawmakers and the governor with a balance of more than $3 billion as they craft the next state budget.

The estimate from the nonpartisan Legislative Fiscal Bureau shows Wisconsin’s budget surplus is projected to be around $3.13 billion dollars by the end of next June, which is the end of the current two-year budget cycle. That marks a slight decline compared to LFB projections from January, which anticipated the state would end the current fiscal year with a surplus of around $3.25 billion.

Wisconsin Policy Forum Vice President and Research Director Jason Stein told WPR the latest projections show some “softness” but there’s “no reason for alarm or panic.”

“It’s just another reminder that as lawmakers and the governor put together the next state budget in the spring of 2025, it currently looks like they’ll have resources to work with to address problems in the state and quite a bit of resources, but not infinite,” Stein said.

 

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Get in Touch

Get in touch with a member of our team today. Quick information below, otherwise link over to our Contact page for more information.

122 West Washington Avenue, Suite 650
Madison, Wisconsin 53703
1-800-362-9644 (Toll-free Hotline)
608-255-6600 FAX


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