Madison Office: 122 South, State Capitol  Phone: (608) 266-7745  E-mail: Sen.Harsdorf@legis.wi.gov

Proposed Budget Raises Taxes, Fails to Address Structural Deficit

According to figures released yesterday by the non-partisan Legislative Fiscal Bureau (LFB), the budget bill as passed by the Democratic-controlled budget writing committee will increase taxes and fees by $2.1 billion. An additional $132 million is expected to be collected by the state using “enhanced collection measures.”

Another document released by LFB projects the state to have a structural deficit of nearly $2.3 billion heading into the next two-year budget cycle in 2011-13.

Proposed Budget Raises Taxes, Fails to Address Structural Deficit

According to figures released yesterday by the non-partisan Legislative Fiscal Bureau (LFB), the budget bill as passed by the Democratic-controlled budget writing committee will increase taxes and fees by $2.1 billion. An additional $132 million is expected to be collected by the state using “enhanced collection measures.”

Another document released by LFB projects the state to have a structural deficit of nearly $2.3 billion heading into the next two-year budget cycle in 2011-13.