State Tax Collections

This excerpt from the WASB Legislative Update newsletter would seem to indicate that the Wisconsin economy is tracking upward!!

Wisconsin appears on track to meet or exceed the revenue forecast for this fiscal year, according to new figures released today by the Wisconsin Department of Revenue. State General Fund tax collections from July 2011 through April 2012 were 4.3 percent above collections for the same period in fiscal year 2011.

Click here to go to the release, courtesy of the Wheeler Report Back in February 2011, the Legislative Fiscal Bureau projected Fiscal Year 2012 General Fund tax collections would be 2.2 percent higher than in 2011. Given that there are only two more months in the state’s fiscal year, and that the first ten months have outpaced the projection, it’s possible that total tax collections for the year could exceed the forecast, although monthly figures tend to bounce around a bit. Click here to go the Fiscal Bureau Letter