Madison
22° F
Mostly Cloudy
Mostly Cloudy
Advertisement

State's budget surplus grows to $484 million

Published On: Jan 24 2013 03:27:12 PM CST
MADISON, Wis. -

Wisconsin's budget surplus is projected to be higher than previously estimated.

The latest estimate by the nonpartisan Legislative Fiscal Bureau released Thursday puts the surplus at $484 million. That is up from the $348 million projection made by Gov. Scott Walker's administration in November.

The higher surplus means Walker and lawmakers will have more money to play with when setting the next state budget that takes effect in July.

Walker on Tuesday said he was looking at an income tax cut of at least $340 million, in addition to putting more money into education. He releases his budget Feb. 20.

Republican co-chairs of the Legislature's budget committee said the numbers show the state's economy is improving.

Advertisement
  • Ferguson protests after grand jury

    Jim Young/Reuters

    Ferguson reacts to grand jury decision

    The announcement of a grand jury's decision not to indict Ferguson police officer Darren Wilson in the shooting death of unarmed teen Michael Brown was met with chaos Monday night.

  • Nation reax Ferguson blurb image

    REUTERS

    Nation reacts to Ferguson decision

    A grand jury's decision not to indict Ferguson, Missouri, police officer Darren Wilson in the shooting death of unarmed teen Michael Brown set off demonstrations across the United States Monday night.

  • Thanksgiving, turkey, holiday, Christmas

    istock

    Thanksgiving Day fast facts

    Here's some background information about Thanksgiving Day, celebrated in the United States on the fourth Thursday in November. In 2014, Thanksgiving is Nov. 27th.

Advertisement