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Walker says budget surplus tops $759 million; budget year ends $89,000,000 better

By: AP Email
By: AP Email

MADISON, Wis. (AP) -- Gov. Scott Walker's administration says the state ended the 2013 fiscal year with a $759 million surplus.

The figures were reported Monday, the day before the Senate was scheduled to vote on Walker's proposal to cut property taxes by $100 million over the next two years. That will lower taxes on the typical home by $13 this year.

The Department of Administration report shows that as of June 30 the state's budget surplus grew from a projected $485 million to just over $759 million. Most of it comes from stronger than anticipated state tax collections.

Walker says $153 million is being put into the state's rainy day fund, bringing its balance to $278 million.
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MADISON, Wis. (AP) -- Wisconsin's budget year ended $89 million better than previously anticipated, money that will help pay for Gov. Scott Walker's proposed $100 million property tax cut.

Walker's administration released updated tax collection figures Monday, the day before the Senate was scheduled to vote on the property tax measure. That cut will lower taxes on the average home by $13 this year.

The newly released budget numbers show that as of June 30 the surplus grew from $670 million to $759 million. Most of it comes from stronger than anticipated state tax collections.

Walker says $153 million is being put into the state's rainy day fund, bringing its balance to $278 million.


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