Revisions/extensions (11:38 pm 2/22/2009) – I used an initial estimate of $59.5 billion for state spending in FY2008/2009, $62.3 billion in initial requests for the FY2010/2011 budget, and some subtraction for the increases in spending in the Necro-Budget as I hadn’t seen hard numbers when I originally wrote this. A pair of sources, the Wisconsin Taxpayers Alliance and the Legislative Fiscal Bureau (H/T – Patrick McIlheran via Dad29), pegs the Necro-Budget spending at $62.7 billion, though both state the FY2008/2009 spending at lower numbers than my estimates. I’ll continue to use the $59.5 billion FY2008/2009 spending estimate.
Since I’m a numbers guy, I’ll reduce the end of the FY2008/2009 Wisconsin budget and the (proposed) FY2010/2011 Wisconsin budget to some easy to ang…er, understand numbers:
– Tax increases in the Wisconsin version of Porkulus (meant to be a budget “repair” bill; more on that in a bit) between 1/1/2009 and 6/30/2011: $1.4 billion
– Tax increases in the Necro-Budget proposal (thanks for the name, Kevin) over that same time frame: $2.1 billion
– Total tax increases between 1/1/2009 and 6/30/2011: $3.5 billion (13.4% increase over the pre-increase FY2007/2008 amount)
– Money anticipated from the federal Generational Theft Law of 2009: just over $2 billion
– Total additional money going to Uncle Craps between 1/1/2009 and 6/30/2011: $5.5 billion
– FY2008/2009 budget shortfall after Wisconsin’s Porkulus: $0.42 billion (up from $0.39 billion in November 2008)
– FY2010/2011 budget “shortfall” before the effects of all the tax increases and the Generational Theft Law of 2009 (hereafter refered to as the “initial FY2010/2011 budget”): $5.7 billion
– Spending increases in the initial FY2010/2011 budget: $2.8 billion (4.7% increase over FY2008/2009)
– Spending increases between Wisconsin’s Porkulus and the Necro-Budget (estimated; assumes no deficit on 6/30/2011 even though I’ve seen projections of a $2.1 billion structural deficit at that point): $2.2 billion (3.7% increase over FY2008/2009)
– Spending increases between Wisconsin’s Porkulus and the Necro-Budget (estimated; assumes a $2.1 billion structural deficit on 6/30/2011): $4.3 billion (7.2% increase over FY2008/2009)
– (Added 2/22/2009) Spending increases from the initial FY2010/2011 budget and the Necro-Budget: $0.4 billion (to $63.7 billion)
– (Added 2/22/2009) Spending increases from the FY2008/2009 budget and the Necro-Budget/Wisconsin’s Porkulus combo (includes $300 million from the Generational Theft Law stuck into Wisconsin’s Porkulus per the Milwaukee Journal Sentinel): $3.7 billion (6.2% increase over FY2008/2009)
That’s right; even after the “to-the-bone cuts” and the through-the-roof tax increases, Jim Doyle and the Spendocrats (off-topic; I need to create a Josie and the Pussycats Photoshop) are massively increasing spending.
