State projects 693 million shortfall [View all]
Madison — Expected state revenue over the next two years will fall $693 million short of what state agencies want to spend over that period, Gov. Scott Walker's administration reported Monday.
Though challenging, this projected shortfall is far less than the $2.2 billion potential gap that Walker and GOP lawmakers faced two years ago. The potential hole in this coming budget amounts to about 2% of the money that the agencies want to spend over the two-year period.
The budget gap this time could be bridged by cutting state agency requests by a smaller percentage than Walker and GOP lawmakers did during his first three budgets, according to a USA TODAY NETWORK-Wisconsin analysis.
"Just as we've done since I've been governor, Wisconsin will have a balanced budget," Walker posted on Twitter. "We will put additional money into public schools, our technical colleges and the University of Wisconsin System in our budget."
Read more: http://www.jsonline.com/story/news/politics/2016/11/21/report-lay-out-state-budget-challenges/94215742/
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