(The Center Square) – Wisconsin’s state general fund balance was $4.5 billion as expected, according to the recently released state Annual Comprehensive Financial Report.
The rainy-day fund balance was at $1.9 billion, another record.
““As we begin the important work of deliberating our state’s next two-year budget, we have a responsibility to keep staying well within our means while still investing in needs that have long been neglected,” Wisconsin Gov. Tony Evers said. “We must continue to make the smart, strategic investments we have for the last five years to maintain our economic momentum and ensure Wisconsin’s continued stability and success.”
Evers said this is the fifth straight year that the state general fund has registered a positive balance in the report after 30 straight years of running a negative balance.
The state Transportation Fund was $2 billion, up nearly $686 million. The state’s total long-term debt decreased by more than $755 million.
“Thanks to our efforts to pay down our state’s debt and work across the aisle to be good stewards of taxpayer dollars, Wisconsin has never had a deficit since I took office,” Evers said.
The report said that Wisconsin’s per capita income is between 93% and 94% of the national average.
Wisconsin’s state gross domestic product increased 6.9% based on the current dollar in 2023, faster than the 6.6% nationally.
