Wisconsin could face new budget deficit by 2013 - WKOW 27: Madison, WI Breaking News, Weather and Sports

Wisconsin could face new budget deficit by 2013


MADISON (WKOW) -- The nonpartisan Legislative Fiscal Bureau estimates Wisconsin will face another budget shortfall in four years, despite efforts by state lawmakers to close the gap this year.

The organization released a report Tuesday forecasting that by the middle of 2013, the state will face a $2.2 billion hole.

The prediction is based on the current two-year spending proposal passing the Legislature, which relies on $2.1 billion in tax and fee increases, $3.7 billion in federal economic stimulus money and a 3.2 percent reduction in state tax dollar spending to balance the budget.

But even with those efforts, the Fiscal Bureau numbers show the state will still face more budget woes in two years.

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