No Runny Eggs

The repository of one hard-boiled egg from the south suburbs of Milwaukee, Wisconsin (and the occassional guest-blogger). The ramblings within may or may not offend, shock and awe you, but they are what I (or my guest-bloggers) think.

Legislative Fiscal Bureau – Budget projected to have a structural surplus

by @ 16:26 on June 13, 2011. Filed under Politics - Wisconsin.

(H/T – JSOnline’s All Politics blog)

The Legislative Fiscal Bureau has run the numbers on the current version of the FY2012-2013 budget, as put together by the Joint Finance Committee, and they are projecting something that has not been achieved in at least the last 16 years – a projected structural surplus in the succeeding budget. Of course, this assumes that, outside of already-mandated changes in both state and federal law, the situation that exists in FY2013 carries over to FY2014 and FY2015.

As a convenience, I’ve reproduced and somewhat expanded the bottom-line table, comparing the structural deficit (termed “General Fund Amounts Necessary for a Balanced Budget” in Table 6:

Structural deficit (surplus) in the succeeding biennium (millions)
1st year 2nd year Total
FY2014-FY2015 (JFC FY2012-FY2013 budget) ($145) ($161) ($306)
FY2014-FY2015 (Governor FY2012-FY2013 budget) $4 $27 $31
FY2012-FY2013 (adopted FY2010-FY2011 budget) $1,232 $1,279 $2,511
FY2010-FY2011 (adopted FY2008-FY2009 budget) $800 $882 $1,682
FY2008-FY2009 (adopted FY2006-FY2007 budget) $653 $846 $1,499
FY2006-FY2007 (adopted FY2004-FY2005 budget) $701 $845 $1,546
FY2004-FY2005 (adopted FY2002-FY2003 budget) $1,340 $1,527 $2,867
FY2002-FY2003 (adopted FY2000-FY2001 budget) $693 $1,026 $1,719
FY2000-FY2001 (adopted FY1998-FY1999 budget) $589 $914 $1,503
FY1998-FY1999 (adopted FY1996-FY1997 budget) $624 $908 $1,532

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