Although Governor Scott Walker got a lot of flack from the left and the unions for his budget repair plan, it is actually confirmed by the Legislative Fiscal Bureau, a nonpartisan entity, that Walker’s plan would put the state’s finances in the best shape they’ve been in for more than 15 years.
What Walker’s plan provides is fiscal restraint and an effort to balance the budget. This is a promise made and a promise kept by Walker when he ran and was elected to office.
More from the Journal-Sentinel:
The property tax bill on the typical Wisconsin home would rise by less than 1% annually over the next two years under Gov. Scott Walker’s proposed budget, the Legislature’s nonpartisan budget office reported Friday.
The Legislative Fiscal Bureau also said Walker’s plan would put the state’s finances in the best shape they’ve been in for more than 15 years.
It found the so-called structural deficit – the imbalance between spending and tax revenue as laid out in state law – for the 2013-’15 budget would be $31 million. That assumes Walker’s budget passes the Legislature without new spending increases or tax cuts that would add to the deficit.
Under its existing form, Walker’s budget leaves the state with a fraction of the structural deficits seen in the past eight budget cycles. The next lowest structural deficit in recent years was $1.5 billion, or 48 times as much as what Walker’s proposing.
In case you missed it, here is Governor Walker talking about his efforts in Wisconsin and steering the state in the right direction.
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