Wisconsin’s projected budget surplus grows to $6.6 billion
Associated PressMADISON, Wis. — Wisconsin’s projected state budget surplus is now forecast to hit nearly $6.6 billion by July, up from earlier $5 billion estimates, according to a report released Monday by Gov. The projected surplus does not give Evers a “blank check” as he puts together his budget, the Republican co-chairs of the Legislature’s Joint Finance Committee said in a joint statement. Monday’s report from Evers’ Department of Administration said the state is in the strongest fiscal condition in its history and called the projected surplus “remarkable.” The report summarizes state agency budget requests for funding over the next two years. If all requests are approved, which never happens, the report said spending would increase 7.9% in the 2023-2024 budget year and another 2.5% the next year.