MADISON, WI (WTAQ-WRN) – Republicans on the Legislature’s budget panel urge caution with a big surplus.
The Legislative Fiscal Bureau now projects state government will finish the current fiscal year with a $7.1 billion surplus, due to several factors including higher than previously expected tax revenues for the current fiscal year.
And while Governor Tony Evers proposed nearly $1.3 billion in new initiatives in his State of the State address, Joint Finance Committee co-chairs, Senator Howard Marlein and Representative Mark Born, are cautious.
Marklein noted the surplus was significantly impacted by one-time money from the federal governments. Born said there are fiscal uncertainties ahead.
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