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(The Center Square) – Wisconsin state agencies have requested to spend $53.8 billion next fiscal year and $55.8 billion in fiscal 2026-27 in the state’s upcoming biennial budget. Those are ...
Feb. 10—EAU CLAIRE — A state budget surplus currently projected to reach $3.8 billion by mid-2023 has politicians already clamoring for ways to give it back to taxpayers or proposing places ...
(The Center Square) – Democrats at the Wisconsin Capitol continue to look to spend the state’s $4 billion budget surplus on the state’s schools. Senate Minority Leader Diane Hesselbein ...
A number of states have a two-year or three year budget (e.g.: Kentucky) while others have a one-year budget (e.g.: Massachusetts). In the table, the fiscal years column lists all of the fiscal years the budget covers and the budget and budget per capita columns show the total for all those years.
Canon of surplus – public revenue should exceed government expenditure, this avoiding a deficit. Government must prepare a budget to create a surplus. [8] Three other canons are: Canon of elasticity – it says there should be enough scope in expenditure policy.government should be able to increase or decrease it according to the period.
The One Hundred Seventh Wisconsin Legislature is the current ongoing legislative term in Wisconsin. It was convened on January 6, 2025, in regular session, and is scheduled to conclude on January 4, 2027, though it will likely adjourn for legislative activity in the Spring of 2026.
The proposed budget anticipates the general fund generating around $270 million in 2026, about 2% more than in 2025, while spending $272 million, a 4% increase.
Once the budget is approved, the use of funds from individual chapters is in the hands of government ministries and other institutions. Revenues of the state budget consist mainly of taxes, customs duties, fees, and other revenues. State budget expenditures cover the activities of the state, which are either given by law or the constitution.