Daily Bread for 5.16.23: Wisconsin’s Budget Surplus Still about $7,000,000,000

Good morning.

Tuesday in Whitewater will be sunny with a high of 79. Sunrise is 5:30 AM and sunset 8:12 PM for 14h 42m 00s of daytime. The moon is a waning crescent with 11.4% of its visible disk illuminated.

The Whitewater Common Council meets at 6:30 PM

On this day in 1868, the United States Senate fails to convict President Andrew Johnson by one vote.

Scott Bauer reports Wisconsin’s budget forecast dips slightly, still projected to be near $7 billion surplus

Wisconsin’s budget forecast dipped slightly Monday, but the latest projection still calls for the state to collect about $6.9 billion more than anticipated by the end of June.

The projection from the nonpartisan Legislative Fiscal Bureau estimates that taxes collected over the next two years will be down about $755 million, or about 1% less than the previous forecast made four months ago. Taking into account other short-term cost savings, the surplus shrank from $7.1 billion to nearly $6.9 billion.

The new projection comes as lawmakers, Gov. Tony Evers and others are trying to strike a deal on a new, multibillion-dollar aid plan for local governments ahead of a vote Wednesday in the state Assembly.

The new forecast also comes ahead of votes in coming weeks over tax cuts, funding for K-12 schools and the University of Wisconsin System and a host of other priorities and programs as lawmakers piece together the next two-year state budget.

Painted-over dog discovered in early Picasso masterpiece:

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