Wisconsin will face a budget shortfall next year, but it may not be nearly as bad as first thought.
The Department of Revenue yesterday said tax collections for the last fiscal year, which ended in June, were off by only 112 million-dollars. That is less than one percent, Republicans at the statehouse say a lot of other factors go into the state’s fiscal picture, and warn there could be bad news yet to come. Wisconsin lawmakers are expecting a two billion-dollar shortfall in the next two-year state budget.
