abc
QUICK LINKS:

Wisconsin Faces $281 Million Budget Shortfall

Updated: 08/28/2014 1:21 PM
Created: 08/28/2014 1:20 PM WDIO.com

MADISON, Wis. (AP) - Wisconsin tax collections are more than $281 million short of estimates, a drop that could require the Legislature to take action to keep the budget in balance.

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.

That is nearly 2 percent less than anticipated.

Gov. Scott Walker's office had no immediate comment.

The Revenue Department says that the figures are preliminary and won't be finalized until mid-October. It also notes that additional changes are possible due to outstanding expenses and revenue collections.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Front Page

 

Winter Storm Watch

MN AREAS AFFECTED: Northern Cook, Northern Lake; Southern Cook, North Shore; Southern Lake, North Shore
Expires: 12/22/2014 10:00 AM

Winter Weather Advisory

MN AREAS AFFECTED: Central St. Louis; North St. Louis
Expires: 12/22/2014 10:00 AM

Winter Weather Advisory

MN AREAS AFFECTED: Northern Cook, Northern Lake; Southern Cook, North Shore; Southern Lake, North Shore
Expires: 12/22/2014 10:00 AM

Advertisement
Advertisement
Advertisement
Advertisement