MADISON, Wis. (AP) — Wisconsin’s state budget is projected to see “unprecedented” revenue growth of $4.4 billion above previous estimates by the middle of 2023.
The news delivered Tuesday led to Democratic Gov. Tony Evers calling for more spending on education while Republicans urged caution and promised tax cuts.
BREAKING:
Wisconsin revenue projections grow by $4.4 billion above prior projections by the middle of 2023, Legislative Fiscal Bureau tells lawmakers today
“The increase … is unprecedented,” LFB director Bob Lang tells lawmakers.
”— Scott Bauer (@sbauerAP) June 8, 2021
The nonpartisan Legislative Fiscal Bureau delivered the revised forecast, calling it unprecedented.
Evers called on the Legislature to spend more on K-12 schools, while also rescinding $300 million in previously announced cuts to state agencies. Republicans called for an overhaul of the state tax code along with a tax cut, but didn’t reveal details.
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