Wisconsin budget projections show surplus - WAOW - Newsline 9, Wausau News, Weather, Sports

Wisconsin budget projections show surplus

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New numbers show positive signs for Wisconsin's current two year budget. The findings show hundreds of millions of dollars in surplus.

The budget cycle is set to end in June. Governor Scott Walker's administration says the state will be coming out ahead.

In a statement, Walker's spokesperson said "because of the decisions made last year, the current budget we are operating under was rated credit positive and Wisconsin's fiscal outlook has improved."

Randy Cray, chief economist at UW-Stevens Point, says an improving economy can lead to a surplus.

"When you're spending more than what your revenues are, you usually have to make some painful cuts to balance the budget," Cray explained.

But now, that's not the case. Instead, projections show the amount of money in was more than the amount of money out. Both democrats and republicans say they have an idea on how to move forward.

"The surplus is an opportunity to correct some of the things that happened in the last budget, to invest in our schools, to make sure people have access to health care and job training," State Rep. John Richard (D-Milwaukee) said.

And State Rep. Scott Suder (R-Abbotsford) agrees.

"I think this is good news for education because it allows us to take a look at better ways to fund education and put more money into where it's really needed in education -- in the classrooms," he said.

But these number are not the end all be all. A nonpartisan bureau will release its numbers in January. Governor Scott Walker is expected to release his budget in February.

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