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WISCONSIN

Wisconsin

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    • Budget timeframe: Biennial

      Fiscal Year begins: July 1 
       

      The current state budget can be found here.

      Find the legislative session calendar here.

      Find the current legislative leaders here.

      WI Gov Walker

      Gov. Scott Walker
      115 East State Capitol
      P.O. Box 7863
      Madison, WI 53707
      Phone: (608) 266-1212
      Fax: (608) 267-8983
      http://www.wisgov.state.wi.us/index.asp

       

       

       

       

      Mike Huebsch, Secretary
      Department of Administration
      P.O. Box 7864
      Madison, WI 53707-7864
      Phone (608) 266-1736
      http://www.doa.state.wi.us/debf

       

      Want a more robust, long-term look at your state's fiscal health, beyond the budget? There are two parts: Click here for the FY2012 Comprehensive Annual Financial Report (CAFR) compiled by the state government, and click here for information on the state's pension liabilities

       

      Wisconsin is required to pass a "balanced budget." Article VII, Section 5 of the 1848 Constitution requires the legislature to "provide an annual tax sufficient to defray the estimated expenses of the State for each year." Even with this provision the State's reported budget deficits (negative net transactions) on its Budgetary Comparison Schedules for each of the three years studied. Wisconsin law allows the carrying over of a deficit from one year to the next.

       

      The State maintains two major: General and Transportation, and several non-major governmental funds. The Wisconsin's biennial budget is prepared using a modified cash basis of accounting. Both of the two major governmental funds are budgeted, however, it is unclear how many of the total non-major funds are budgeted.


      Judging from the differences between actual and budgeted figures, it is likely that few of the total non-major governmental funds are budgeted. Budgetary information within the Budgetary Comparison Schedules are not efficiently ordered and do not include the necessary "total" columns. [from the Institute for Truth in Accounting]

       

      Find the state's bond ratings here.

       

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    • Solutions

      How Reality-Based Budgeting Can Permanently Resolve State Budget Gaps

      State Budget Solutions | by Bob Williams | November 7, 2012

      State Budget Solutions recommends that state legislators take action in 2013 to resolve the serious state financial crises by changing their focus from inputs to outcomes by redesigning budgets from the ground up based on priorities and performance.

    • Solutions

      How to Prevent Future Pension Crises

      by Cory Eucalitto | November 1, 2012

      The time for state and local governments to offer defined contribution retirement plans that protect both taxpayer dollars and public employee retirement security is now.

    • Solutions

      State Lawmakerís Guide to Evaluating Medicaid Expansion Projections

      The Heritage Foundation | by Edmund F. Haislmaier and Drew Gonshorowski | October 17, 2012

      Supporters of Obamacare claim that expanding Medicaid will entail little to no cost to state governments, since the federal government will fund the vast majority of the additional costs. Indeed, some analyses project states achieving savings from adopting the expansion. However, state lawmakers should be wary of accepting such analyses at face value.

    • Solutions

      Medicaid Is BrokenóLet the States Fix It

      The Wall Street Journal | by Paul Howard and Russell Sykes | October 15, 2012

      Block-granting Medicaid is the best way to deliver better, cost-effective care to the most vulnerable Americans.

    • Solutions

      The Case for Reform: Prisons

      Right on Crime | August 1, 2012

      Prisons are supremely important, but they are also a supremely expensive government program, and thus prison systems must be held to the highest standards of accountability.