Wednesday, April 24th, 2019  |  12:53 PM

A Conservative Newspaper Promoting,
Life, Liberty, and the Pursuit of Happiness

Subscribe Now: Get your own copy of The US Journal

The $2.7 Billion State Deficit No One Told You About

Written By: Todd A. Berry, Ph.D  |  Posted: Tuesday, April 13th, 2010

A week before Christmas, an important report appeared on a Wisconsin government website. There were no press releases from Madison politicians. No headline news stories. Yet no public official, taxpayer or citizen can afford to ignore the report's bottom line: According to its just-released financial statements, state government closed its 2008-09 books with a $2.71 billion deficit in its general fund.

To many readers, this might come as a surprise. By law, state government is supposed to balance its budget. On paper, it does. However, for more than a decade, governors and legislators of both parties have "balanced" budgets through use of accounting maneuvers, timing delays, and borrowing billions in one-time money.

Sign into your account to read the rest of this article. »

Share this on Twitter  |  Share this on Facebook  |  Email to a friend.  |  Contact the editor.

What are your thoughts?

Want to read more of this article?

You must be a subscriber to read entire articles.

Gain 24/7 access to all the content on this website by becoming a subscriber.
Choose your subscription plan and get full access in minutes. Subscribe now. »

If you are already a subscriber, sign in now to read more full articles.

More State News

Trouble Ahead for the Housing Market

Pro-Life Wisconsin Endorses Constitutionalist Candidates

Time To Boycott Public Schools?

McCabe Calls for Local Democracy

Andrew Zuelke Announces for State Treasurer

Progressive Hypocrisy – Part 2

Progressive Hypocrisy – Part 1

Homeschooling: The Best Hope for America’s Future

The Ticket Racket

Governor Walker’s 2018 State of the State Address: No Time for Moral Issues Ever