WBA Debate Topic: Budget Surplus
According to the Wisconsin Department of Revenue, our state has a projected budget surplus of about $5 billion. What, as Governor, will you do with it?
- The state’s annual fiscal report released Friday found a positive balance of about $4.3 billion and a “rainy day fund” of about $1.73 billion.
- In August, the Department of Revenue estimated a potential budget surplus of more than $5 billion.
- Both Gov. Tony Evers and Tim Michels have proposed using the budget surplus to fund a tax cut, although Evers’ plan has been rejected by Republicans in the Legislature.