State tax collections fall $281 million short of projections

I guess now we know why Gov. Scott Walker was so nervous about the roughly $25 million casino payment the Potawatomi Tribe withheld this week. State tax collections fell short of expectations by $281 million last year, providing potential difficulties in the future for the state budget and immediate fodder for this fall’s tight governor’s [...]

Does Wisconsinhave “limited reserves” or “nearly a billion dollars in surplus”?

This tweet sums up what I’m wondering about Wisconsin’s reserve funds.

Same day: GovWalker says WI has "limited reserves" AND "nearly a billion dollar in surplus." Which is it?! #wiunion pic.twitter.com/Rfe9Bbq91h

— Mary Erpenbach (@MaryErpenbach) August 28, 2014

Gov. Walker admits withheld casino payment impacting state’s limited reserves

On Tuesday it was reported the Forest County Potawatomi tribe, the operators of a casino/hotel in Milwaukee, are withholding their $25 million casino fee to the state as part of an ongoing brouhaha over the Menominee tribe’s proposed off-reservation casino/hotel in Kenosha. Gov. Walker was supposed to make a decision on whether to approve or [...]

Walker administration to pay $1.7 million to outside companies to identify state buildings to sell

As reported by Patrick Marley of the Milwaukee Journal Sentinel, Gov. Scott Walker’s administration has committed to paying nearly $1.7 million to four private companies for their assistance in determining whether the state should sell heating and cooling plants and other state-owned properties. Studying the issue is expected to cost even more. The state is [...]

Scott Walker’s Wisconsin will spend $559 million more than it is expected to take in next year

On the heels of last week’s news that the state’s tax collections were lagging behind projections comes news the state of Wisconsin will spend $559 million more out of its main account next year than it is expected to take in, according to a report from the nonpartisan Legislative Fiscal Bureau.

Predictably, Gov. Scott Walker’s [...]

State tax collections lagging behind projections

This latest bad news is exactly why Republican Gov. Scott Walker and his allies in the Republican-controlled legislature should have been more fiscally responsible instead of giving out a $500 million tax cut that primarily benefited the wealthy and big corporations. State tax collections are lagging both last year’s figures and expectations for this year, [...]

Top wage earners would benefit most from proposed Walker tax cut

This should surprise absolutely no one. The top 20% of Wisconsin wage earners — those making more than $88,000 a year and paying the most in taxes now — would receive 44% of the benefit of Gov. Scott Walker’s latest proposed tax cuts, a new analysis shows. The bottom 20% of state residents by income [...]

First of all, it’s not a surplus….yet!

Governor Walker is falling all over himself trying to find ways to give the projected budget surplus back to tax payers. But it is NOT a surplus…it is a projected surplus…not money in the bank or cash on the barrel head…a projected surplus projected by the same people in Madison who projected the short fall [...]

Scott Walker opens door to shifting tax burden to poor, middle class in WI

According to a report by Jason Stein of the Milwaukee Journal Sentinel, Republican Gov. Scott Walker has indicated he wants to use the next biennial budget in February 2015 to a potential tax overhaul. Among the changes Gov. Walker is likely to consider are eliminating or flattening the income tax to dropping technical colleges from [...]

Hey Governor Walker, Wisconsin Isn’t A Best State For Business!

I am highly dubious of the various Forbes Best of lists…they seem contrived and simply audience building exercises…not real news topics. But in their latest Best States For Business…while our neighbors Minnesota, Iowa and Indiana are all in the top 25 states listed…Wisconsin is nowhere to be found. Just sayin’!

Blogging Blue’s “14 in ’14″

Goal Thermometer