State Budget Shortfall Might Not Be As Bad As First Thought
Wisconsin will face a budget shortfall next year, but it may not be as bad as first thought. The state Department of Revenue says tax collections for the last fiscal year, which ended in June, were off by only 112-million dollars. That’s less than one percent. Republicans 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.