Press Release: State Ends Fiscal Year with $588.5 Million Balance, Grows Rainy Day Fund to Record-High $320.1 Million
State of Wisconsin sent this bulletin at 10/15/2018 04:18 PM CDT
STATE OF WISCONSIN DEPARTMENT OF ADMINISTRATION Scott Walker, Governor Ellen Nowak, Secretary |
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FOR IMMEDIATE RELEASE | |
Monday, October 15, 2018 | |
Contact: DOA Communications, (608) 266-7362 | |
State Ends Fiscal Year with $588.5 Million Balance, Grows Rainy Day Fund to Record-High $320.1 Million |
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MADISON - Wisconsin ended the most recent state fiscal year with a positive balance of $588.5 million and grew the state Budget Stabilization Fund to a record-high $320.1 million, according to the new Annual Fiscal Report released today by the state Department of Administration (DOA).
“The tough, prudent financial decisions and common-sense reforms that have supported job creation and led to record-low unemployment in Wisconsin, have also contributed to our state’s budget ending the most recent fiscal year in excellent shape,” DOA Secretary Ellen Nowak said. “The balance is over $41 million higher than was recently estimated, and this is in part due to higher-than-expected state revenues, which is great news as we look ahead to the next budget cycle.”
Highlights from the state’s Fiscal Year 2018 Annual Fiscal Report include:
The full report is available online.
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