Wisconsin Finished Last Fiscal Year in the Black
Thursday, October 20th, 2016 -- 8:03 AM
(AP) -A new report shows the state finished the last fiscal year in the black.Gov. Scott Walker's Department of Administration released a report Monday showing the state finished the year that ended June 30 with $313.8 million left over. The report says the state collected $15.1 billion in general-purpose revenue taxes, which include individual and corporate income taxes, sales tax and excise taxes. That's up 3.8 percent from the previous year.
Expenditures total $15.3 billion, $103 million less than the $15.4 billion allocated for spending in the state budget. State aid to municipalities and school districts accounted for 51 percent of spending. Aid to individuals and organizations represented 25.8 percent.
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