Gov Walker's WS Set To Have Budget SURPLUS 2011, 2012 & 2013

[icedancer2theend]

Borrowing from elsewhere~

Governor Walker's reforms are working. Unions spent $40 million to try and take over the legislature. Likely because they knew these reforms would work and soon spread to other states - effectively destroying them. Even FDR recognized that public sector unions are a bad deal for taxpayers. Governor Walker has done a great job! - A man who stuck to his principals.

No schools were closed (in fact more schools were opened), no teachers were laid off (in fact more teachers were hired), no dollars were snatched from the WS schools (in fact more dollars went to them), yet Gov Walker's plan turned a $3.6 billion deficit into a surplus this year, next year and in 2013!

All I have to say is WAY TO FUCKING GO WALKER!!! You stopped a crisis and actually improved Wisconsin schools!



Wisconsin Predicted to Have Positive Balance in 2013 - Caledonia, WI Patch
Wisconsin Predicted to Have Positive Balance in 2013
The Legislative Fiscal Bureau is projecting a small budget surplus for both years of the 2011-2013 biennial.

By Heather Asiyanbi Email the author August 21, 2011

If all goes according to plan, the state of Wisconsin will have a small budget surplus at the end of the 2011-2013 biennial budget.

The non-partisan Legislative Fiscal Bureau (LFB) recently released its "Comparitive Summary of Budget Recommendation" in which it gives the net balances projected for the end of both fiscal years.

By June 30, 2012, the state should have a $8.4 million surplus compared to $9.4 million by June 30, 2013.

Representative Robin Vos (R-Rochester) sent out his regular email communication with constituents on Aug. 19 and he mentions the LFB's findings as well.

"It’s quite an accomplishment when you consider that we started with a $3.6 billion deficit," he writes.

Vos also includes two pie charts illustrating revenues and general expenditures. Here's how it shakes out:

Revenues

50% Income Taxes
30% Sales/Use Taxes
6% Corporate Taxes
14% Other

Expenditures

44% Education
31% HR
15% Shared Revenue
10% Other

Vos also writes that considering the $3.6 billion hole Wisconsin was in, even these projected small victories are proof that new policies are working.

Link


link

 

[Alias]

You're obviously a racist, homphobic, bigot teabaggers who is paid off by the Koch Brothers.............right?

 

[icedancer2theend]

I just love it when someone like Walker, with his conservative ideas and policies, prove to be successful

This should be headline news- and yet it is not.

 

[Alias]

I just love it when someone like Walker, with his conservative ideas and policies, prove to be successful

This should be headline news- and yet it is not.

The mainstream media is corrupt. That's why you see the rise of blogs and Fox news. There is a reason lefties hate Fox. Lefties don't get angry you lie about them. They get angry when you tell the truth about them.

 

[zappasguitar]

I just love it when someone like Walker, with his conservative ideas and policies, prove to be successful

This should be headline news- and yet it is not.

Proven?

You have a time machine that lets you see into the future to see if those PROJECTIONS actually pan out?

 

[Alias]

Proven?

You have a time machine that lets you see into the future to see if those PROJECTIONS actually pan out?

Right after you prove those predictions about Obamacare that you bought into.

 

[zappasguitar]

I just love it when someone like Walker, with his conservative ideas and policies, prove to be successful

This should be headline news- and yet it is not.

TFF that a partisan hack like ID buys into numbers from the future when they back her ideology...one wonders if she is also willing to accept projections regarding HCR?

 

[icedancer2theend]

The mainstream media is corrupt. That's why you see the rise of blogs and Fox news. There is a reason lefties hate Fox. Lefties don't get angry you lie about them. They get angry when you tell the truth about them.

This is a story that I hope the GOP can get front and center.

 

[Damocles]

This is indeed good news for Wisconsin teachers and schools.

 

[Cancel 2016.2]

Borrowing from elsewhere~

Governor Walker's reforms are working. Unions spent $40 million to try and take over the legislature. Likely because they knew these reforms would work and soon spread to other states - effectively destroying them. Even FDR recognized that public sector unions are a bad deal for taxpayers. Governor Walker has done a great job! - A man who stuck to his principals.

No schools were closed (in fact more schools were opened), no teachers were laid off (in fact more teachers were hired), no dollars were snatched from the WS schools (in fact more dollars went to them), yet Gov Walker's plan turned a $3.6 billion deficit into a surplus this year, next year and in 2013!

All I have to say is WAY TO FUCKING GO WALKER!!! You stopped a crisis and actually improved Wisconsin schools!



Wisconsin Predicted to Have Positive Balance in 2013 - Caledonia, WI Patch
Wisconsin Predicted to Have Positive Balance in 2013
The Legislative Fiscal Bureau is projecting a small budget surplus for both years of the 2011-2013 biennial.

By Heather Asiyanbi Email the author August 21, 2011

If all goes according to plan, the state of Wisconsin will have a small budget surplus at the end of the 2011-2013 biennial budget.

The non-partisan Legislative Fiscal Bureau (LFB) recently released its "Comparitive Summary of Budget Recommendation" in which it gives the net balances projected for the end of both fiscal years.

By June 30, 2012, the state should have a $8.4 million surplus compared to $9.4 million by June 30, 2013.

Representative Robin Vos (R-Rochester) sent out his regular email communication with constituents on Aug. 19 and he mentions the LFB's findings as well.

"It’s quite an accomplishment when you consider that we started with a $3.6 billion deficit," he writes.

Vos also includes two pie charts illustrating revenues and general expenditures. Here's how it shakes out:

Revenues

50% Income Taxes
30% Sales/Use Taxes
6% Corporate Taxes
14% Other

Expenditures

44% Education
31% HR
15% Shared Revenue
10% Other

Vos also writes that considering the $3.6 billion hole Wisconsin was in, even these projected small victories are proof that new policies are working.

Link


link

The abbreviation for Wisconsin is WI.... not WS... just sayin

 

[Cancel 2016.2]

Budget surpluses are just that .... BUDGETS

You can only deem his policies as success AFTER they show to have ACTUAL surpluses in those years. At this point, this is no different than the two parties in DC harping about all the budget surpluses they had in 2000 for the next decade and then fighting over how to 'best' spend the surpluses.

 

[icedancer2theend]

The abbreviation for Wisconsin is WI.... not WS... just sayin

Appreciate the concern. But as I said in the OP, it was a borrowed post from elsewhere. I assumed, perhaps mistakenly, the WS when used, referred to Wisconsin State as WI was also used in the post...just sayin'.

 

[icedancer2theend]

Budget surpluses are just that .... BUDGETS

You can only deem his policies as success AFTER they show to have ACTUAL surpluses in those years. At this point, this is no different than the two parties in DC harping about all the budget surpluses they had in 2000 for the next decade and then fighting over how to 'best' spend the surpluses.

I understand this SF. However, budgets, can also reflect deficits- this one, completed by The Legislative Fiscal Bureau, is projecting a small budget surplus for both years of the 2011-2013 biennial. That's good news for a state that had previously forecast a budget with a $3.6 billion hole.

 

[zappasguitar]

I understand this SF. However, budgets, can also reflect deficits- this one, completed by The Legislative Fiscal Bureau, is projecting a small budget surplus for both years of the 2011-2013 biennial. That's good news for a state that had previously forecast a budget with a $3.6 billion hole.

IF the PROJECTIONS pan out, then all it really proves is Governor Walker was lying when he claimed the debt crisis was enormous and going to destroy the state.

This just shows that the draconian measures Righties took weren't necessary and they better enjoy the few remaining days they have left in office, because when the public figures out that a much more moderate package of cuts could have achieved the same goal they will bury every Rightie in the state!

 

[Cancel 2016.2]

IF the PROJECTIONS pan out, then all it really proves is Governor Walker was lying when he claimed the debt crisis was enormous and going to destroy the state.

This just shows that the draconian measures Righties took weren't necessary and they better enjoy the few remaining days they have left in office, because when the public figures out that a much more moderate package of cuts could have achieved the same goal they will bury every Rightie in the state!

That is simply absurd. The deficit was there. The funds the previous administration stole from other state funding sources were REQUIRED to be paid back. Anyone who actually read more than Dem talking points knows that.

If there is an actual surplus in coming years, then it will show that Walker did exactly as he said he was going to and that the measures he took were appropriate. The fear mongering of the left is what will have been proven erroneous.

 

[Bonestorm]

That is simply absurd. The deficit was there. The funds the previous administration stole from other state funding sources were REQUIRED to be paid back. Anyone who actually read more than Dem talking points knows that.

If there is an actual surplus in coming years, then it will show that Walker did exactly as he said he was going to and that the measures he took were appropriate. The fear mongering of the left is what will have been proven erroneous.

Since you know everything, can you tell me what portion of the projected surplus results from improved economic projections as opposed to Walker's changes? Also, what would tax revenues have been with the improved economic conditions if pre-Walker tax laws were in place?

Thanks in advance.

 

[zappasguitar]

That is simply absurd. The deficit was there. The funds the previous administration stole from other state funding sources were REQUIRED to be paid back. Anyone who actually read more than Dem talking points knows that.

If there is an actual surplus in coming years, then it will show that Walker did exactly as he said he was going to and that the measures he took were appropriate. The fear mongering of the left is what will have been proven erroneous.

Did I say the deficit wasn't there?

Did I say they weren't required to pay back the funds?

Of course not, but when has SF let something trivial like FACTS get in the way of another one of his sanctimonious rants?

If the budget shortfall is resolved this quickly, it just proves that the situation was never as DIRE as Walker claimed it was and he, LIKE SF, must resort to ridiculous hyperbole to make his case.

 

[Bfgrn]

Gov Walker's budget cuts

38% Public employee concessions
62% Cuts to seniors, education, and communities

Effects of the Biennial Budget and Budget Repair Bills for Working Families
Updated July 14, 2011

The budget and budget repair bills will affect Wisconsin families in countless ways. This fact sheet examines some of the effects on low-income working families.

Earned Income Tax Credit -- $56 Million Tax Increase for 152,000 Working Families

• The biennial budget bill cuts $56 million over 2 years in tax relief for low-wage workers with children.

• The proposal hits families with three or more kids the hardest. A single mom who has three children and is making the minimum wage would lose $518 per year (21 percent of her current credit).

• A family with two or more children would lose up to $154 per year. (Families with one child won’t be affected.)

Homestead Tax Credit – Ending Inflation Adjustment Costs Low-income Households $13.6 Million

• The Homestead Credit provides targeted property tax relief for about 250,000 low-income households, including both owners and renters. One third of the credit recipients are 66 or older and 45 percent are over age 55.

• Until recently, it was the only major part of the state tax code that wasn’t annually adjusted for inflation. However, in 2009 the law was changed to make annual adjustments for inflation – resulting this year in the first increase in the maximum credit in 20 years, and the first increase in the income ceiling in about 10 years.

• The Governor proposes repealing the annual adjustments, which will cut the credits by $13.6 million in the 2011-13 biennium.

• The cuts will average about $12 per recipient in tax year 2011 and $42 the next year. Those amounts will grow steadily in future years.

Health Care – Deep Cuts and Sweeping Policy Changes without Legislative Approval

• The biennial budget bill cuts nearly $800 million in state and federal funds from Medicaid and BadgerCare (relative to the cost to maintain the program), including more than $265 million from Family Care and about $467 million in unspecified cuts that DHS is directed to make.

• The biennial budget says nothing about how the cuts will affect BadgerCare, which serves 780,000 Wisconsinites, because the budget goes even further than the budget repair bill in shifting responsibility for the policy changes from the Legislature to the Department of Health Services (DHS).

• The bill allows major policy changes to be made without going through the Administrative rules process or holding public hearings. The only Legislative involvement would be Joint Finance Committee passive review of policy changes that conflict with state statutes.

• The budget bill directs DHS to seek waivers from current federal Medicaid requirements (which are one of the only checks on the sweeping power granted to DHS).

• If DHS gets a federal Medicaid waiver from current “maintenance of effort” (MOE) requirements, DHS would be allowed to: make policy changes to reduce eligibility for BadgerCare and other Medicaid programs, substantially increase premiums and co-pays, apply that cost-sharing to more families, begin large deductibles, reduce benefits, and increase the frequency of reviews of eligibility.

• If DHS doesn’t get a waiver from MOE requirements by the end of 2011, it is directed to lower the income ceiling from 200 percent of the poverty level to 133 percent for parents and childless adults, effective July 1, 2012, which would eliminate coverage of about 70,000 people.

• The 133 percent income ceiling would exclude single adults from participating if they have a full-time minimum wage job, and it would exclude the adults in a two-parent family with one or two kids, if both parents are working full time and make at least the minimum wage.

Child Care Subsidies Threatened

• The biennial budget bill authorizes the Department of Children and Families (DCF) to reduce eligibility for the subsidy program (WI Shares), increase co-pays, begin waiting lists and decrease reimbursement rates. Those changes could supersede state statutes, without rulemaking or any legislative oversight.

• The bill contains large cuts in the funding level (compared to the base appropriation), but most of that reflects the very substantial drop in program spending over the last two years. The additional amount of savings that needs to be generated appears to be $15 million.

• Some of the funding cut reflects changes the Governor is recommending to the new child care rating system. The bill reduces the rates for lower tier providers by 5 percent.

Diminished Education and Training Opportunities for Low-wage Workers

• University tuition is expected to increase by 5.5% each year for the UW System and up to 8.5% per year for UW Madison. (The recently approved increase for Madison for 2011-12 is 8.3 %.)

• Funding for technical colleges is being cut by $35.2 million each year, or by about 25%.

• The bill curtails the options for W-2 agencies to tailor the mix of work and training to meet the needs of program participants.

• The budget repeals the current provision allowing undocumented students to pay in-state tuition rates, providing they have lived in Wisconsin for three years before graduating from high school and promise to file for permanent residency as soon as possible.

Cuts Threaten Transit Programs

• The biennial budget cuts $9.2 million for local mass transit over the biennium (but doesn’t include the Governor’s recommendation to shift the funding source to the General Fund).

Delay in Unemployment Benefits

• The bill creates a one-week waiting period before the newly unemployed become eligible for unemployment benefits (and made that change without using the long-established process of going through the Unemployment Insurance Advisory Council).

 

[Cancel 2016.2]

Did I say the deficit wasn't there?

You stated "IF the PROJECTIONS pan out, then all it really proves is Governor Walker was lying when he claimed the debt crisis was enormous and going to destroy the state."

Forgive me for thinking you were stating that the debt crisis wasn't what he said it was.

Did I say they weren't required to pay back the funds?

Again, since you stated he would be lying about the debt crisis, it did seem to imply that is what you were saying given that was part of the deficit problem he is trying to fix.

Of course not, but when has SF let something trivial like FACTS get in the way of another one of his sanctimonious rants?

you mean like "IF the PROJECTIONS pan out, then all it really proves is Governor Walker was lying when he claimed the debt crisis was enormous and going to destroy the state."

Again, sorry for taking that to mean you felt he was lying about the debt crisis level.

If the budget shortfall is resolved this quickly, it just proves that the situation was never as DIRE as Walker claimed it was and he, LIKE SF, must resort to ridiculous hyperbole to make his case.

The above is quite funny, the hyperbole is coming from YOU. You bitch and moan about 'draconian' cuts etc.... and then proclaim that those 'draconian' cuts didn't solve anything if it resolves itself quickly....

 

[Cancel 2016.2]

Since you know everything, can you tell me what portion of the projected surplus results from improved economic projections as opposed to Walker's changes? Also, what would tax revenues have been with the improved economic conditions if pre-Walker tax laws were in place?

Thanks in advance.

Since you are a douche bag....

No, I do not know what portions of the projected surplus are from expected economic gains etc.... as I stated earlier, I don't care much for 'budget' projections. As I stated, it is similar to the nonsense we saw in 2000 from the two parties at the national level.

Next time try reading...