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News » Top Walker aide projecting budget surplus
May 11, 2012
A top official in Governor Walker's administration says the state is on pace to end the current two-year budget with a surplus.
Department of Administration Secretary Mike Huebsch says higher-than-expected tax collections will help create a $154 million surplus. Almost half of that would come from refinancing the state's debt, but taxpayers would be responsible for higher interest payments in the future.
The non-partisan Legislature Fiscal Bureau reported in February that the state would face a $143 million deficit at the end of the two-year budget.
A spokesman for Milwaukee Mayor Tom Barrett says the new figures ignore a shortfall in the state's health programs. He says the numbers are "built on sand." |
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