Wisconsin Ends Fiscal Year $313 Million in the Black
A new report shows the state finished the last fiscal year in the black.
Governor Scott Walker’s Department of Administration released a report Monday showing the state finished the year that ended June 30 with $313.8 million left over.
The report says the state collected $15.1 billion in general purpose revenue taxes, which include individual and corporate income taxes, sales tax, and excise taxes. That’s up 3.8 percent from the previous year.
Expenditures total $15.3 billion, $103 million less than the $15.4 billion allocated for spending in the state budget.
State aid to municipalities and school districts accounted for 51 percent of spending. Aid to individuals and organizations represented 25.8 percent.