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NEWS STORIES

Lawmakers Have More Money to Work WithSubmitted: 01/25/2013
MADISON - Wisconsin's lawmakers now have more money to work with than they thought.

The budget surplus is expected to be higher than anticipated.

The latest estimate by the Legislative Fiscal Bureau puts the surplus at 484 million dollars.

That's up from the 3-hundred 48-million dollar projection made by Governor Scott Walker's administration in November.

The higher surplus means Walker and lawmakers will have more money to play with when setting the next state budget that takes effect in July.

Walker on Tuesday said he was looking at an income tax cut of at least 3-hundred 40-million dollars, in addition to putting more money into education.

He'll release his budget February 20th.

The republican co-chairs of the Legislature's budget committee say the numbers show the state's economy is improving.

(Copyright 2013 Associated Press - All Rights Reserved)


Story By: Associated Press

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