Wisconsin ended the most recent fiscal year with a positive balance in the general fund — even when accounting for all outstanding spending obligations — for the first time in at least three decades, Gov. Tony Evers announced Tuesday.
Evers also said Tuesday the state deposited $105.8 million into the state’s rainy day fund, which is to be tapped in times of recession or fiscal emergency, bringing the total to $761.8 million — the fund’s largest balance in state history.
“Our diligence of investing in the issues Wisconsinites care about without running up the state’s credit card has paid off and helps us ensure Wisconsin’s future economic stability, which is as important as ever,” Evers said in a statement. “This is great news for our state and will put us in a stronger position to move our state forward and focus on the priorities of the people.”