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State Needs $2 Billion to Maintain Current Spending Level

09-Nov-2018

A new report shows it will take more than $2 billion to maintain current state spending levels – with some small increases. The analysis from the Wisconsin Policy Forum released Friday shows the issues facing incoming Democratic Governor Tony Evers and the Republican-controlled Legislature. 

Evers will have to introduce a balanced budget early next year for consideration. The report says $2.2 billion will be needed to continue existing programs, and without an increase in revenue to cover that – taxes will have to go up or cuts will have to be made. 

It also assumes a one-percent increase for state agencies and more than $1.1 billion for Medicaid and K-12 school aid combined. Evers ran on a promise of increasing money to schools alone by $1.4 billion. 

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