MADISON, Wis (WRN) — A new report from the Wisconsin Policy Forum shows the state’s general fund will be dropping significantly from record highs following the pandemic.
A new report shows Wisconsin’s rainy day fund will be taking a hit from fresh spending and tax cuts. Jason Stein with the Wisconsin Policy Forum says the fund will still be at extremely high levels.
“The financial picture is more challenging than it was, you know, a few years ago. The state is really well positioned to weather those difficulties as they arise,” Stein said.
WPF says the state’s general fund will be enough to cover any short term debts it needs to handle, despite a projected $3 billion drop this year.