Wisconsin to See Additional $2.1 Billion in Tax Revenue

The Co-Chairs of the budget-writing Joint Committee on Finance Representative John Nygren (R-Marinette) and Senator Alberta Darling (R-River Hills) released the following statement after revenue projections show Wisconsin has an additional $2.1 billion in revenue:

“This is the best revenue estimate since 2002. We delivered $8 billion in tax cuts and the largest real-dollar increase for public education in state history, and today’s estimate shows we are headed in the right direction.

Governor Walker is leaving Wisconsin in much better fiscal shape than what he inherited. Thanks to our reforms, tax cuts, and common sense budgeting, our state is expected to generate an additional $2.1 billion.

There is no deficit. In fact, Wisconsin is projected to end the current budget with a $662 million surplus. Agency budget requests are just that – requests.

Wisconsin is on the right track and this report proves it. With the amount of money coming into the state, we can continue to fund priorities like education, continue to cut taxes, and balance the budget.”