MI News Minute Podcasts
February 18, 2025 | By William Osmulski
Policy Issues

Wisconsin's $860 Million Structural Deficit

Today is Tuesday, February 18th, and tonight Gov. Evers will tell us how he plans to tackle the state’s $860 million structural deficit.

What’s that? You thought we had a $4 billion budget surplus? Well, that’s how much the state expects to have in the general fund this June. However, based on spending requests from Evers’ agencies, two years from now Wisconsin will be deep in the red.

Now to be fair, agencies don’t get everything they ask for, but they did base their requests on Evers’ direct guidance. So now Evers is going to have figure out where to cut $860 million from, or where he wants to increase taxes and borrowing to make up the difference. Whatever he comes with, it’s sure to be a mess, so don’t be surprised when the legislature scraps his entire budget and starts over from scratch, as usual.

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