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Thursday, September 18, 2014

Scott Walker's Budget Sink Hole Is Deeper Than It Looks

Press Release

Wisconsin State Sen. Jennifer Shilling Excerpt:
Walker budget deficit grows to $3 billion

MADISON – After state agencies submitted their 2015-17 budget requests this week, Gov. Walker’s budget deficit is now projected at nearly $3 billion.* The overall budget deficit could exceed $4 billion once state transportation, school funding and other agency budget figures are released.

Current Fiscal Year (FY15) Budget Deficit:
$396 million (LFB memo 9.8.14)
Projected 2015-17 State Budget Deficit numbers:
$1.8 billion structural deficit (LFB memo 9.8.14)
$1.1 billion in new spending requests (DOA agency budget requests 9.15.14)
Estimated $680 million Transportation Fund deficit (Associated Press 9.15.14)
Estimated $568 million in K-12 Fair Funding costs (WI DPI 2013-15 budget request)

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