Wisconsin budget forecast improves by $2.9 billion

The Wisconsin Capitol in Madison, Wis.
The Wisconsin Capitol in Madison, Wis.(WEAU)
Published: Jan. 25, 2022 at 12:24 PM CST
Email This Link
Share on Pinterest
Share on LinkedIn

MADISON, Wis. (AP) — Wisconsin’s budget picture improved by nearly $2.9 billion with a revised forecast released driven by higher-than-expected tax collections that will force the Republican-controlled Legislature to decide whether to spend the surplus, save it or put it toward tax cuts.

The Republican leader of the Senate said Tuesday that the money would go toward tax cuts in the next budget to be written in 2023.

Gov. Tony Evers, who signed two Republican-authored budgets into law that cut taxes, did not immediately respond to a request for comment. He is up for reelection in November. Whoever wins that election will be proposing the next budget for the Legislature to consider.

Copyright 2022 The Associated Press. All rights reserved.