A new report warns that Wisconsin’s record budget surplus could turn into a deficit if lawmakers and Governor Evers aren’t careful.
The Wisconsin Policy Forum yesterday released a report that says the surplus is not large enough to pay for everything that Governor Evers wants, and is likely not enough to pay for a switch to a flat income tax in the state. The report also warns that the U.S. economy may be headed into a recession, and that could mean a deficit for Wisconsin. The report says lawmakers have a unique challenge this year, not in terms of budget cuts or reductions, but in deciding where they will spend more money.
