Wisconsin’s projected budget balance for mid-2007 is about $55 million less than originally thought after tax collections came in slightly lower than expected, according to a new report.
The shortfall means the state has a smaller cushion should revenues or spending fail to meet expectations in the two-year budget that ends June 30, 2007. The state had projected a balance of $70.4 million at the end of the budget; the new projection is about $14 million.