Governor Tony Evers Announces Record Surplus in Wisconsin’s General Fund
Wisconsin Governor Tony Evers has announced a significant financial milestone for the state, with the Annual Comprehensive Financial Report revealing a $4.5 billion positive balance in the general fund at the end of the 2023-24 fiscal year. This surplus marks a stark contrast to the previous trend of deficits that plagued the state for three decades.
In addition to the general fund surplus, Wisconsin’s Budget Stabilization Fund, also known as the “rainy day” fund, reached a record high of $1.9 billion, setting a new benchmark for financial stability. Governor Evers attributed this achievement to efforts to reduce state debt and bipartisan collaboration in managing taxpayer dollars effectively.
The surplus in the general fund is expected to spark discussions and debates as Governor Evers and lawmakers prepare for the next two-year budget cycle. The budgeting process will involve presenting proposals, committee deliberations, and legislative approval before final enactment.
Governor Evers emphasized the importance of responsible budgeting, highlighting the need to balance investments in neglected areas while maintaining fiscal discipline. The state’s economic momentum and stability are crucial considerations as Wisconsin looks towards continued success.
As the state gears up for budget deliberations, Governor Evers urged a strategic approach to investments to sustain growth and ensure long-term prosperity. The positive financial outlook sets a promising foundation for Wisconsin’s future economic development.
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