Wisconsin’s deficit, using the tougher GAAP measure, was $2.94 billion in 2010, though the state officially posted a general fund balance of $89.6 million. That gap – call it the GAAP gap – has been growing for years.
How bad is it?
Under this measure, Wisconsin’s budget hole is second only to Illinois per capita. The state’s bond rating from Moody’s is lower than 33 states.
Please, could someone please save this news article and whatever posts follow? I want to comment on the results of changes being made this Winter in both Wisconsin and Illinois. Let’s see which one handles the crisis the best.
Wisconsin has suffered from the worst governorship it has had for a very long time and the future is going to be tough but we have a new governor who id determined to deal with the real problems rather than contemporary political whims (which Illinois is doing).
I’m glad that I live in Wisconsin just now.
Don