University of Wisconsin–Madison

State revenue picture improves

A memo released yesterday by the Legislative Fiscal Bureau estimates that general fund tax revenues will be $454.6 million higher over the next three years than previously projected.

The boost in the revenue projection is due to increased tax collections, departmental revenues and a decrease in spending, the memo says.

Wisconsin State Journal: Wisconsin’s budget picture gets $714 million brighter

Milwaukee Journal Sentinel: Improved revenue numbers could help state budget