Budget News

  • Errata Released for the 2015-17 Budget

    April 24, 2015 @ 2:08 PM

    As with every biennial budget process, modifications to correct errors or better reflect the Governor’s intent in preparing the budget are required. The Governor requests the conceptual changes outlined below be added to or modified in 2015 Senate Bill21 and 2015 Assembly Bill21, the 2015-17 biennial budget bills. The net result of these changes will decrease the general fund balance by $2,874,800.

    http://www.mbo.wisc.edu/documents/Errata_Letter_to_JFC04..pdf

  • LFB has Completed its Summary of the Governor’s Budget

    February 27, 2015 @ 9:04 AM

    This document provides a summary of each agency, program, and item contained in the state’s 2015-17 budget as recommended by the Governor. The Governor’s budget has been introduced in identical form as 2015 Assembly Bill 21 and 2015 Senate Bill 21.

    http://legis.wisconsin.gov/lfb/publications/budget/2015-17%20Budget/Pages/Governor.aspx

  • The Biennial Budget Bill is Introduced (AB-21 and SB-21)

    February 25, 2015 @ 8:53 AM

    February 3, 2015 – Introduced by Joint Committee on Finance, by request of Governor Scott Walker. Referred to Joint Committee on Finance. Referred to Joint Survey Committee on Tax Exemptions.

    An Act relating to: state finances and appropriations, constituting the executive budget act of the 2015 legislature.

    http://docs.legis.wisconsin.gov/2015/related/proposals/ab21

  • LFB Released January Revenue Estimates

    January 23, 2015 @ 4:33 PM

    From the Wheeler Report:

    The Legislative Fiscal Bureau has released a memo regarding the general fund revenue and expenditure projections. According to the memo, the administration’s November general fund condition statement shows an ending balance for the FY2014-15 budget at negative $132.1 million and the Fiscal Bureau shows a gross balance of negative $283.4 million. The difference is $151.3 million. Fiscal Bureau said the differences are:

    • The estimated tax collections in the LFB memo are $173.5 million below the administration’s November 20 report;
    • The departmental revenues are projected to be $2.7 million less than estimated by the administration;
    • The net appropriations are estimated to be $24.9 million below the administration’s report (mainly attributed to a reduction of $18.4 million in debt service payments).

    The full estimate can be found at http://legis.wisconsin.gov/lfb/publications/Revenue-Estimates/Documents/2015_01_23_Revenue%20estimates.pdf

  • DOA Posted Agency Budget Requests and Revenue Estimates

    November 21, 2014 @ 4:31 PM

    Pursuant to s. 16.43, Wisconsin Statutes, the Department of Administration is submitting the Department of Revenue’s general purpose tax revenue estimates for the State’s biennial budget for fiscal years 2015-16 and 2016-17, as well as a summary of state agency budget requests. In addition, revenue estimates for the remainder of the current fiscal year 2014-15 have been included. Such revenue estimates are used to identify the funds that serve as the base for the biennial budget.

    http://doa.wi.gov/Documents/DEBF/Budget/Biennial%20Budget/November20Report.pdf