Post by Logan on Mar 29, 2017 3:42:54 GMT -6
Fiscal bureau: Scott Walker's budget leaves $1.1 billion hole starting in 2019
Gov. Scott Walker’s proposal for the state’s next budget creates a larger structural deficit than previously thought, nearly $1.1 billion, in the ensuing budget cycle beginning in 2019, the state’s nonpartisan fiscal office said Thursday.
The Legislative Fiscal Bureau released the findings in a memo made public late Thursday.
It shows Walker’s plan for the 2017-19 budget, which back-loads spending and tax cuts into its second fiscal year, leaves a structural deficit of $1.1 billion that lawmakers would have to erase in crafting the 2019-21 budget.
A previous estimate from Walker’s office pegged the number at about $740 million.
Read more: host.madison.com/wsj/news/local/govt-and-politics/fiscal-bureau-scott-walker-s-budget-leaves-billion-hole-starting/article_5eaadce4-6fcf-5e64-be0b-c982268ec0da.html
Gov. Scott Walker’s proposal for the state’s next budget creates a larger structural deficit than previously thought, nearly $1.1 billion, in the ensuing budget cycle beginning in 2019, the state’s nonpartisan fiscal office said Thursday.
The Legislative Fiscal Bureau released the findings in a memo made public late Thursday.
It shows Walker’s plan for the 2017-19 budget, which back-loads spending and tax cuts into its second fiscal year, leaves a structural deficit of $1.1 billion that lawmakers would have to erase in crafting the 2019-21 budget.
A previous estimate from Walker’s office pegged the number at about $740 million.
Read more: host.madison.com/wsj/news/local/govt-and-politics/fiscal-bureau-scott-walker-s-budget-leaves-billion-hole-starting/article_5eaadce4-6fcf-5e64-be0b-c982268ec0da.html