But remember, Gov. Scott Walker and the Republican rubber stamp legislature are fiscally responsible!
Over the next two years, the state’s costs to keep up its current services will outstrip its expected tax collections by more than $1 billion, according to the Legislature’s nonpartisan budget office.
The brief analysis by the Legislative Fiscal Bureau provides the sharpest picture yet of the challenge that Gov. Scott Walker and lawmakers face as they try to keep the state’s main account balanced while weighing competing concerns such as schools, health care and the pocketbooks of taxpayers.
It projects a shortfall of $619 million in the first year of the budget. If addressed right away through permanent spending cuts or tax increases, the problem would be largely solved.
But if not, it would grow to $824 million in the second year for a two-year total of $1.44 billion, or 4.4% of the state’s total spending.