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.
------------------------------
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.


The comment sections of our web set are designed for thoughtful, intelligent conversation and debate. We want to hear from the viewers but we are not obligated to post comments we feel inappropriate or violate our guidelines. Here are some of the criteria you should follow when posting comments:

Comments cannot be profane or vulgar. Children and families visit this site. We will delete comments that use profanity or cross the lines of good taste.

We will delete all comments using hate speech. Slurs, stereotypes and violent talk aren’t welcome on our web site.

Comments should not attack other readers personally.

We will delete comments we deem offensive, in bad taste, or out of bounds. We are not obligated to post comments that are rude or insensitive.

We do not edit user-submitted comments.

As a host WEAU 13 News welcomes a wide spectrum of opinions. However, we have a responsibility to all our readers to try to keep our comment section fair and decent. For that reason WEAU 13 News reserves the right to not post or to remove any comment.
powered by Disqus
WEAU 13 NEWS 1907 S. Hastings Way Eau Claire, WI 54701 By Phone: Main Number (715) 835-1313 and (715) 832-3474. Tip Line (715) 839-WEAU - (715) 839-9328 Sports Line (715) 852-1537
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 227731801 - weau.com/a?a=227731801
Gray Television, Inc.