Wisconsin is going to have slightly less money to spend over the next two years.
The Legislative Fiscal Bureau yesterday said tax revenue is expected to dip by 755 millions-dollars over the next two years, taking Wisconsin’s record budget surplus to just under seven billion-dollars. Senate Majority Leader Devin LeMahieu said the news is not surprising. He blamed President Biden’s policies and inflation for the downturn in Wisconsin. Still, LeMahieu said, Wisconsin is in better financial shape than many other states. Wisconsin lawmakers are writing a new state budget, and deciding just how to spend that record budget surplus.
