MADISON, Wis. (AP) — Wisconsin tax collections are more than $281 million short of estimates, nearly 2 percent less than anticipated.
The state Department of Revenue on Thursday released the figures for the fiscal year that ended in June. Those figures show the state collected $281.2 million less than was anticipated by the nonpartisan Legislative Fiscal Bureau in January.
However, the budget was expected to have a roughly $724 million cushion by July 1, making emergency action now unlikely.
Gov. Scott Walker’s spokeswoman Laurel Patrick says the state will finish the two-year budget cycle with a positive balance. She says, “As we have done in the last several years, we will continue to manage the Wisconsin taxpayers’ money well and keep the state’s fiscal house in order.”