Record-High State Surplus Recorded in Wisconsin

Gov. Tony Evers announced last week that for the third consecutive year, the state’s General Fund recorded a positive balance at the end of the 2021-22 fiscal year, increasing by nearly 300% from a positive balance of $1.2 billion at the end of the 2020-21 fiscal year to a new record high of $4.6 billion at the end of the 2021-22 fiscal year. 

“Wisconsin is in the best fiscal position we’ve ever seen, and this year’s remarkable increase is another positive indicator that we are headed in the right direction – toward a stronger, more secure economic future that ensures we can keep working to build a Wisconsin that works for everyone,” Evers said in a statement.

In addition, the state’s total long-term debt decreased by more than $365 million, which indicates the state repaid existing debt in excess of new debt being issued in the 2021-22 fiscal year.