Note: This article was last updated in 2011. Click here for more recent information on state budgets and finances. |
Wisconsin faced a budget shortfall of $137 million for FY2011.[1]
Wisconsin had a total state debt of $17,971,519,547 when calculated by adding the total of outstanding debt, pension and OPEB UAAL’s, unemployment trust funds and the 2010 budget gap as of July 2010.[2]
Total spending | Healthcare | Education | Protection | Works and economic support | Other |
---|---|---|---|---|---|
$14.2 | $1.4 | $6.4 | $1 | $0.15 | $5.25 |
Total spending | Pension | Healthcare | Education | Welfare | Protection | Transport | Deficit |
---|---|---|---|---|---|---|---|
$38.5 | $0.4 | $1.5 | $11.7 | $2.5 | $3 | $3.4 | $18 |
Find the state’s FY2011 Comprehensive Annual Financial Report (CAFR) compiled by the state government online.[5]
Gov. Jim Doyle signed the 2009-2011 biennium budget on June 29, 2009. The budget cut overall spending by $3 billion.[6][7]
Summary of 2009-11 Appropriations and Authorizations[8]
Fund Source | FY 2010 | FY 2011 | Total | % of Total |
General Purpose Revenues | $13,470,870,900 | $14,200,780,300 | $27,671,651,200 | 42.1% |
Federal Revenue | $9,380,918,100 | $8,809,515,000 | $18,190,433,100 | 27.7% |
Program Revenue | $4,296,691,900 | $4,403,424,200 | $8,700,116,100 | 13.2% |
Segregated Revenue | $3,844,369,800 | $3,785,542,100 | $7,629,911,900 | 11.6% |
Bond Revenue | $3,581,172,100 | 5.4% | ||
Total | $65,773,284,400 | 100.0% |
2009-11 All Fund Appropriations by Functional Area[8]
Functional Area | Amount | % of Total |
---|---|---|
Education | $23,181,424,300 | 37.3% |
Human Relations and Resources | 22,502,889,300 | 36.2% |
Environmental Resources | 6,863,414,600 | 11.0% |
Shared Revenue and Tax Relief | 4,719,345,800 | 7.6% |
General Executive | 2,724,505,100 | 4.4% |
Commerce | 912,178,000 | 1.5% |
General Appropriations | 515,153,500 | 0.8% |
Compensation Reserves | 351,141,700 | 0.6% |
Judicial | 274,324,500 | 0.4% |
Legislative | 147,735,500 | 0.2% |
TOTAL | $62,192,112,300 | 100.0% |
Wisconsin operates on a biennium, covering two fiscal years at a time. A fiscal year begins on July 1 and ends on June 30 of the following year with the biennium starting July 1 of odd-numbered years. Agency budget requests were submitted in September of even-numbered years. During the following months, the Governor meets with the departments and agencies to hear their budget proposals for the following fiscal year. Following the hearings the Governor issues a budget recommendation for the upcoming fiscal year to the Legislature. Both the State Assembly and the Senate were required to make any necessary changes or adjustments to the budget until the bill was passed in both houses.[9] When the Lesgislature passes the bill the Governor approve of the bill as a whole, veto the entire bill or execute line-item vetoes.[10] Gov. Doyle signed the FY 2010-2011 biennial budget (covering July 1, 2009 to June 30, 2011) with 81 vetoes.[11]
The following table provides a history of Wisconsin's expenditures and gross domestic product (GDP).
Fiscal Year | Expenditures (billions) | GDP (billions) |
---|---|---|
2000 | $34.5[12] | $175.7[12] |
2001 | $36.9[12] | $180.9[12] |
2002 | $39.3[12] | $188.6[12] |
2003 | $40.8[12] | $195.9[12] |
2004 | $42.4[12] | $205.9[12] |
2005 | $43.1[12] | $214.1[12] |
2006 | $45.3[12] | $223.4[12] |
2007 | $47.5[12] | $232.3[12] |
2008 | $49.9[12] | $241.5[12] |
2009 | $52.4*[12] | $251.2*[12] |
The Wisconsin Legislative Audit Bureau was a nonpartisan legislative service agency created to assist the Legislature in maintaining oversight of state operations. The director of the Legislative Audit Bureau was Janice Mueller the State Auditor, who was appointed by the Legislature's Joint Committee on Legislative Organization. The Bureau conducts objective audits and evaluations of state agency operations to ensure financial transactions had been made in a legal and proper manner and to determine whether programs were administered effectively, efficiently, and in accordance with the policies of the Legislature and the Governor. The results of these evaluations were provided to the Legislature, along with recommendations for improvements in agency operations. The Legislative Audit Bureau was created by Chapter 659, Laws of Wisconsin 1965. Prior to the creation of the Bureau, financial audits were performed by the Department of State Audit, an executive branch department created in 1947. The Legislative Audit Bureau was organized into four sections: Financial Audit, Program Evaluation, Information Systems Support, and Administrative Services.[13][14]
Wisconsin's CAFRs were publications of the Wisconsin Department of Administration, Division of Executive Budget and Finance, State Controller's Office. Stephen J. Censky was State Controller. Michael Morgan was Secretary of Department of Administration.[15][16]
Credit Rating | Fitch | Moody's | S&P |
Wisconsin[17] | AA- | Aa3 | AA |
Wisconsin state budget and finances
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