BizTimes Morning Headlines: State ends fiscal year with nearly $760 million surplus

The state had a nearly $760 million surplus as the end of the fiscal year, the Wisconsin Department of Administration announced Monday.

That’s $89 million more than what was anticipated at the time the 2013-15 budget was passed this summer, said Bob Lang, head of the nonpartisan Legislative Fiscal Bureau. The Walker administration said the bigger surplus means that $153.2 million will be deposited into the state’s rainy day fund, for a total of $278.5 million.

Read more in today’s BizTimes Morning Headlines.