Seven Fiscal Sins: How the Budget Bill Puts Wisconsin on a Less Secure Financial Footing
One of the disappointing things about the budget bill passed this summer is that fiscal conservatives who embraced responsible budgeting two years ago seemed to forget many of those principles this year. A new publication from the Wisconsin Budget Project—a nonpartisan research organization focusing on tax and budget policy—describes a number of decisions, made by lawmakers heeding the siren call of a large tax cut, that make Wisconsin’s fiscal situation less secure.
“There’s a possibility that Wisconsin’s budget surplus will turn out to be larger than expected. If so, we encourage lawmakers to take the opportunity to correct some of the short-sighted choices made in the budget that have made the state’s fiscal footing more precarious,” said Budget Project Director Jon Peacock.