Wis. Finished Fiscal Year With $135.6 Million Surplus
MADISON, Wis. (AP) — Gov. Scott Walker's administration says the state finished the last fiscal year with a $135 million surplus.
The Department of Administration released report on Thursday that found the state finished the fiscal year that ended June 30 with a balance of $135.6 million in its general fund, which includes taxes, gaming compact revenue and other revenue generated by state agencies.
The report noted the state brought in a little more than $15.7 billion in general fund revenue through taxes and departmental revenues. The state spent or transferred about $15.6 billion.
Aid to local schools and governments accounted for 52.1 percent of spending. Aid to individuals and organizations made up 24.3 percent of spending.
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