Evers could face $1.9b shortfall heading into second budget

A new analysis shows Democratic Gov. Tony Evers would face a nearly $2 billion shortfall heading into his second budget.

The Legislative Fiscal Bureau released an analysis Monday that shows the state would face a $1.9 billion imbalance in the general fund heading into the 2021-23 fiscal year if the state maintains all the spending commitments in current law, such as honoring tax credits for Foxconn Technology Group, as well as in Evers’ 2019-21 budget, including funding two-thirds of K-12 education costs.

The shortfall would be the largest since the general fund started with a $2.5 billion imbalance heading into the 2013-15 biennium.

The estimate doesn’t factor in revenue growth, population increases or decreases, inflation or changes Republicans may make to the 2019-21 budget this summer.

Get your weather forecast from people that actually live in your community. We update with short, easy-to-use video forecasts you can watch on your phone every day. Download the iOS or Android app here.