Select Page

New LFB projections: tax collections to grow slightly less than previous estimates

The Legislative Fiscal Bureau (LFB) today projected state tax collections over the next two years would come in $755.1 million lower than what the agency expected just four months ago. Even with that dip, Wisconsin’s budget forecast still shows the state collecting about $6.9 billion more than anticipated by the end of this June.

From the Associated Press: “The projection from the nonpartisan Legislative Fiscal Bureau estimates that taxes collected over the next two years will be down about $755 million, or about 1% less than the previous forecast made four months ago. Taking into account other short-term cost savings, the surplus shrank from $7.1 billion to nearly $6.9 billion. (more…)