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State budget surplus bigger than expected

By ASSOCIATED PRESS   Thursday, January 24, 2013 - 3:30 p.m.
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MADISON, Wis. (AP) — Wisconsin’s budget surplus is projected to be higher than previously estimated.

The latest estimate by the nonpartisan Legislative Fiscal Bureau released Thursday puts the surplus at $484 million. That is up from the $348 million projection made by Gov. Scott Walker’s administration in November.

The higher surplus means Walker and lawmakers will have more money to use in the next state budget, which takes effect in July.

Walker on Tuesday said he was looking at an income tax cut of at least $340 million, in addition to putting more money into education. He releases his budget Feb. 20.

Republican co-chairs of the Legislature’s budget committee said the numbers show the state’s economy is improving.




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Bond
Jan 26, 2013 at 3:32 p.m.
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A surplus in Wisconsin under a Republican governor? This should stop Wisconsinites from voting Democrat again. That money would be gone in less than a week and in some Union's pension fund if a Democrat were elected again...

jcommon
Jan 25, 2013 at 10:18 a.m.
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You liberals are some real pieces of work. Hey, how much of a surplus did we have when Doyle was in office? Hmm? Should we start listing the crap that man pulled over the WI taxpayers eyes?
This is a great thing done by a man doing a pretty good job. You just can't stand it, you would rather see this state in Debt up to our eyeballs rather than see a Republican actually doing a good job.

Zeussmom
Jan 25, 2013 at 5:34 a.m.
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How about using the money to widen I-90? It's so congested from the state line to Hwy 26 that it is't safe or a fast alternative through Rock County.

RetiredAirForce
Jan 25, 2013 at 12:36 a.m.
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I agree, money should go to paying down state debt.

truecitizen
Jan 24, 2013 at 11:28 p.m.
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Vegas1...Give it time and also hope the EPA and other REAL affecting values, allow the business and employment to return to the state. If you despise business you will also be hurt by the lack of it. Employment will return to the state and improve over all unless other variables get in the way.

wiggle
Jan 24, 2013 at 11:22 p.m.
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“By lip-synching the national anthem, Beyoncé has cast a dark cloud over the President’s second term,” said Sen. Rand Paul (R-Kentucky). “The only way President Obama can remove that cloud is by resigning from office at once.”

“If Beyoncé lip-synched the national anthem, how do we know President Obama didn’t lip-sync his oath of office?” he said. “If that’s the case, he’s not legally President. But just to be on the safe side, he should resign anyway.”

Bahahahahaha Republicans keep proving how utterly stupid they are.

I think Ryan should resign because his kid passed gas at walmart and the stink cast a green cloud over his term. He was under Ryans watch when this horrible action happened so he is responsible.
Bahahahahahahahahaha

truecitizen
Jan 24, 2013 at 11:22 p.m.
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Sorry CJ but that is a typical liberal response, and I see very little proof of the help-the-wealthy rhetoric actually being true. Here's some of what you might consider typical right-wing rhetoric.....I am worried some bureaucrat, probably left-wing, will get a hold of that surplus number and argue it is because of 'their' policies (as if)...then try to SPEND it on some bull-crap social program, which only allows people to be wrongly conditioned to keep asking for hand outs anyway!
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Point being-let's allow this to continue knocking down the state-debt, and allow it to lower taxes on all of us! I say good job to Scott Walker and the state GOP! Hold the (real) coarse....
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I have been paying quite a bit more as a result of Act 10, and I am just fine with it because I respect the other workers in the state who had it worse than me all along.

Talking_Monkey
Jan 24, 2013 at 11:16 p.m.
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It's time to get the sodium fluoride out of our water!

CJENSEN
Jan 24, 2013 at 10:03 p.m.
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WAHOO, more freebies for the Rich! Reforming the climate for small businesses in the state isn’t even on the table. The Walker and his cronies in the GOP have focused solely on policies to bolster the bottom lines of mega-corporations, which don’t even pay taxes, while small business are taxed through the roof and strangled with red tape...
Walker says he plans to use the budget surplus to give tax breaks – undoubtedly to the rich – in order to stimulate job growth... Unfortunately, that’s never worked.
Under the higher tax rates the wealthy paid during the Clinton presidency, jobs were created at a rate of 230,000 per month. After the Bush-era tax cuts, job growth fell to a meager 10,000 a month until the employment rate sputtered in 2006 and then nose-dived.
The touted budget surplus is just an empty figure for a misleading campaign billboard. It does nothing to make Wisconsin “open for business,” and Walker’s disastrous jobs record proves it.

thesignguy
Jan 24, 2013 at 8:53 p.m.
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Good ole Scooter, he's a real peach.

yada
Jan 24, 2013 at 6:35 p.m.
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We know that he took the money from all of the local WI governments - Plus he took lots of money from Mortgage settlement that he was NOT supposed to. Do your homework and you will see how he got the money - fabricated stories continue from him.

Stolen Mortgage money - just one example how money was obtained. Plus other stupid Walker FAlse info.

http://www.dailykos.com/story/2012/02/10...

http://www.forbes.com/sites/rickungar/20...

http://news.firedoglake.com/2012/04/24/s...

http://markpocanwi.blogspot.com/2011/02/...

http://www.foxbusiness.com/markets/2011/...

http://current.com/community/93330597_sc...

a n d --->SCOTT "NO JOBS" WALKER - "UNEMPLOYMENT GOES UP IN ALMOST ALL WI COUNTIES"
http://www.todaystmj4.com/news/local/118...

"UNEMPLOYMENT WORSENS..."
http://www.shawanoleader.com/main.asp?Ar...

**Worse WI Go. Ever ----> Walker**

Vegas1
Jan 24, 2013 at 5:48 p.m.
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Too bad Wisconsin unemployment is going up. Good work Walker.

ImJustSayin
Jan 24, 2013 at 4:58 p.m.
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axolotlsx5 - Don't forget the tobacco settlement, too. Where did all that money go?

axolotlsx5
Jan 24, 2013 at 4:40 p.m.
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is the extra money from the law suite won on banks scams on house loans that was suppose to go back to the people who lost their houses. but once again goverment has to step up and take money thats not theirs.

Talking_Monkey
Jan 24, 2013 at 4:33 p.m.
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I wouldn't be surprised if there is a penalty for paying early.

badger2
Jan 24, 2013 at 4 p.m.
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http://www.usdebtclock.org/state-debt-cl...

We need to paydown the States Debt.....one of the largest per person in the country but he'll kick the can down the road

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