Wisconsin Ends 2022 Fiscal Year With New Record Budget Surplus

Monday, October 17th, 2022 -- 11:00 AM

The Wisconsin Department of Administration reported that the State of Wisconsin ended Fiscal Year 2022, which ended on June 30, 2022, with a positive balance of $4.30 billion, a new record.

In addition, the State maintained its Budget Stabilization Fund (“Rainy Day” Fund) at a record-high $1.73 billion according to the new Annual Fiscal Report released by the DOA.

Noteworthy items from the Fiscal Year 2022 Annual Fiscal Report include the State’s undesignated general fund balance at the end of FY 2022 was $4.3 billion, nearly 70% higher than the prior year’s balance of $2.58 billion, and more than seven times larger than the balance at the end of FY 2018.

The current Budget Stabilization Fund balance remains at $1.73 billion, the largest in the State’s history and more than five times larger than the balance at the end of FY 2018.

State general fund tax collections in FY 2022 increased by 5.0% over the prior year and exceeded the most recent estimates by over $1.6 billion.

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