MADISON, Wis. — The state’s budget deficit is now projected to be larger than the $5.4 billion reported by the state departments of administration and revenue last November, according to state officials.
According to a report released on Thursday by the Legislative Fiscal Bureau, tax collections are projected to be $342 Million less than the DOA report issued on Nov. 20. This puts the state’s projected deficit at more than $5.7 billion.