Revenue Estimates Provide No Additional Money for State Budget

Legislative Fiscal Bureau Director Bob Lang released a memo this morning saying that revenue estimates issued by LFB in January do not need to be adjusted.  As a result, legislators will not have any additional money to work with as they finalize the 2015-17 state budget.  Lawmakers had originally planned to use any new money to fund K-12 education.  Despite the lack of additional funds though, Governor Scott Walker and Assembly Speaker Robin Vos have both indicated today that the $127 million cut to K-12 education will be eliminated.

NBC15: Vos mum on whether UW cut will be reduced
Wisconsin State Journal: State estimators: No new revenue available for state budget

Milwaukee Journal Sentinel: No hike in revenue estimates forces tough budget decisions