Walker Puts Wisconsin General Fund at Negative $143 Million (Thursday, 09 February 2012)

[hue]

http://www.politiscoop.com/us-politics/wisconsin-politics/729-walker-puts-wisconsin-general-fund-at-negative-143-million.html

Madison -- Today brings more proof that Scott Walker's plan is not working for Wisconsin. The fiscal conditions in the state finances have worsened significantly over the last year. The news gets worse as Gov. Scott Walker and the Legislature will need to take emergency steps to avoid being even more out of balance before the end of June.

Yes, you read that correctly: Scott Walker has officially created a budget emergency, and now what is left to cut? Nothing. The state's jobless numbers have increased for the last six months, which will have a dire effect on the state's ability to raise revenue. Will Walker be asking for handouts to help the state finances, instead of saving his job? Here is what the LFB had to say.

The nonpartisan Legislative Fiscal Bureau on Thursday released the new projections that show the two-year budget will be $143 million short of balancing by July 2013.

[toddwv]

1. Wow, nobody saw this coming...

The $215.9 million is the net result of:

(2) a $272.8 million decrease in estimated tax collections;

[Sabien]

2. He's gonna raid the pension fund

Saw it coming last year.