Tuesday, November 20, 2012

PRESS RELEASE--MacIver Institute: State officials confirm, “It’s still working”

MacIver Institute: State officials confirm, “It’s still working”

[Madison, Wisc...] State officials confirmed Tuesday what taxpayers and families across Wisconsin have known for almost two years—it’s still working.

According to the state Department of Administration (DOA), Wisconsin is set to open Fiscal Year 2013 with a balance of $342.1 million—its largest total since 2001.

In addition, DOA announced that tax revenues are expected to increase by $1.5 billion over the next two years.

Last month, the DOA also announced Wisconsin had set aside $108.7 million in its rainy day fund.

“Almost two years after Governor Walker’s bold and long overdue budget reforms, Wisconsin’s fiscal health continues to improve,” said MacIver Institute President Brett Healy. “We’ve been saying it’s working, and today state officials confirmed that is most certainly the case.”

In late 2011 and early 2012, the MacIver Institute partnered with Americans for Prosperity to launch ItsWorkingWisconsin.com, a website that chronicled how state and local units of government were making ends meet without implementing massive layoffs or tax hikes that were suffered by residents in states like Illinois and California.

Governor Walker is expected to submit his 2013-15 budget to the legislature next February.


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