 |
|
|
Wis. Faces Worst Budget Shortfall in State History
UPDATE: The Governor says the state is facing the worst budget deficit in history.
|
|
5 Comments 
Thursday, November 20, 2008 --- 3:45 p.m.
MADISON, Wis. (AP) -- The Wisconsin Legislature will be forced to meet in special session early next year to begin dealing with the worst budget deficit in state history.
Gov. Jim Doyle received a report Thursday that confirmed the bad news state policy makers have expected for weeks.
The report from the Department of Administration shows tax collections are expected to fall by 2.2 percent this year and 3.9 percent next year. That, combined with spending commitments already made, will put the state $5.4 billion in the red by the middle of 2011.
Administration Secretary Michael Morgan says that is the worst deficit in state history.
The Legislature will have to meet to deal with a $500 million shortfall for the current year.
(Copyright 2008 by The Associated Press. All Rights Reserved.)
Latest Comments
The AFL-CIO UAW and labor in general in cahoots with the Mafia held business hostage with outrageous demands that gave rise to ridiculous prices for everything from coal in the 1920s to cell phones in 21st century --for almost a hundred years. Are you surprised? Absurd benefits and wages finally has come to it's match with foreign labor and the better products they make to boot. Are you surprised? Unskilled unschooled greedy workers were delighted when they busted a company even though they had no job when it happened. They just move on to the next company to bleed them too. Are you surprised? Labor had power and abused their privileges for this long and now they must pay the ultimate price and break not only the company they work for, --but the country they live in. Horaay, --you idiots.
[ Report Abuse ]
they shouldnt raise taxes but they will. that is there solution to everything. raise taxes. pretty soon no one is going to ever move here again. allready cost way to much here for what madison is worth.
[ Report Abuse ]
I agree with the comments of "Golly". It is time to "Cut the Fat"!!! You cannot keep on taxing, or raising fees on hard working people of this state. We already are one of the highest taxed states, but yet every year we have to pay more.Get a Clue Doyle!! It is time to stop the Gravy Train, especially for the state workers,(ex;sick days, pensions, insurance,etc;)I think that it is time for you people to pay your fair share, instead of living off of our dime. Last week Doyle said he would tax hospitals and oil companies more. Don't you think that they won't raise their rates on us to pay this. Another thing: term limits on elected officials, two terms and your out!! We need to put an end to "The Good Ole Boys Club" Hmmmmmm?
[ Report Abuse ]
 |
Weather Authority
Watch your local weather 24/7. |
 |
|
 |
News Links
Looking for something you saw on NBC 15? Find it here. |
|
|
 |
Double Dollar Deals
Experience our area's best restaurants at a Half-Off price. |
|
|
 |
Golf Double Dollar Deals
Experience our area's best golf courses at a Half-Off price. |
|
|
 |
Family Double Dollar Deals
Experience our area's best businesses at a Half-Off price. |
|
|
 |
What's On?
Click here to see our program guide. |
|
|
 |
Perfect Home
Find out how to make your perfect home. |
|
|
 |
The Health Professional
Find answers to your health questions. |
|
|
 |
Madison's Biggest Loser
Click here! Find out how you can sign up and change your life! |
|
|
 |
NBC15 Share Your Holidays
Click Here! Find out how you can help raise 3 million meals! |
| National News From MSNBC.com |
| AP Video |
|
|
