Gov. Scott Walker’s administration warned Monday state agencies won't get all the new money they sought for 2017-19 given spending requests came in $693 million more than expected revenues for the next budget.
[caption id="attachment_122194" align="alignright" width="300"] Wisconsin State Capitol[/caption]
Meanwhile, projected revenues for the remainder of the current budget, which ends in mid-2017, continued to drop due to worsening corporate tax collections, according to a Department of Administration report released Monday.
Spending requests have regularly come in above expected revenues in the DOA report, which serves as the foundation for the governor's budget proposal to come early next year. Two years ago, agency wish lists came in $2.2 billion above expected revenues for 2015-17.
"As has been the practice in the past, not all agency requests will be included in the final budget," DOA Secretary Scott Neitzel wrote.
Read more at WisPolitics.com, a media partner of BizTimes Milwaukee.
Wisconsin State Capitol[/caption]
Meanwhile, projected revenues for the remainder of the current budget, which ends in mid-2017, continued to drop due to worsening corporate tax collections, according to a Department of Administration report released Monday.
Spending requests have regularly come in above expected revenues in the DOA report, which serves as the foundation for the governor's budget proposal to come early next year. Two years ago, agency wish lists came in $2.2 billion above expected revenues for 2015-17.
"As has been the practice in the past, not all agency requests will be included in the final budget," DOA Secretary Scott Neitzel wrote.
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