June 30, 2005: Headlines: Figures: COS - Tunisia: Politics: State Government: DPW: Doyle announces State of Wisconsin Will End Fiscal Year With a Positive Balance
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June 30, 2005: Headlines: Figures: COS - Tunisia: Politics: State Government: DPW: Doyle announces State of Wisconsin Will End Fiscal Year With a Positive Balance
Doyle announces State of Wisconsin Will End Fiscal Year With a Positive Balance
Wisconsin Governor Jim Doyle and his wife served as Peace Corps Volunteers in Tunisia in the 1960's.
Doyle announces State of Wisconsin Will End Fiscal Year With a Positive Balance
Gov. Doyle: Announces State of Wisconsin Will End Fiscal Year With a Positive Balance
Thursday, June 30, 2005
Contact: Ethnie Groves, Office of the Governor, 608-261-2156
State Finishes Budget Cycle Today After Solving a $3.2 Billion Deficit Without Raising Taxes
Governor Jim Doyle today announced that the State of Wisconsin will finish the fiscal year (FY) in the black with an estimated balance of about $6 million. After Governor Doyle inherited a $3.2 billion deficit, FY05 marks the second consecutive year that the State of Wisconsin has been back in the black under Governor Doyle's leadership.
"When I came into office, I inherited a $3.2 billion dollar deficit - the largest per capita deficit in the country," Governor Doyle said. "It was a hole so large no one thought it could be fixed without huge tax increases ... but by rolling up our sleeves and cutting wasteful spending, we protected our core priorities like education, balanced the budget, and didn't raise a single tax."
Governor Doyle's 2003-2005 budget cut state spending by a record $1.5 billion by removing $400 million in agency overhead, eliminating two cabinet departments, and trimming the state payroll by nearly 2,300 positions.
On top of those savings, Governor Doyle enacted a pro-growth, "Grow Wisconsin" agenda that provided commonsense regulatory reform, and the infrastructure necessary for Wisconsin businesses to compete in the global economy. Those measures allowed Wisconsin to weather the national recession far better than its neighbors - outpacing other Midwestern states with nearly 100,000 new jobs.
Governor Doyle also cut government excess that built up over 16 years of fiscal mismanagement by his predecessors. He put 1,000 cars on the auction block, sold eight planes, turned off unnecessary cell phones, and re-bid costly contracts to save tens of millions of dollars.
"Because we made these sacrifices, Wisconsin ends the budget cycle well-positioned to protect education and freeze property taxes - something few would have even thought possible just one year ago," Governor Doyle said.
"As the Legislature continues to work on the next budget I will remind them that we did not return to a positive balance by rewarding special interests with pork barrel spending and cutting education, and I will use my veto powers to ensure that the Legislature does not repeat the errors of the past."
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Story Source: DPW
This story has been posted in the following forums: : Headlines; Figures; COS - Tunisia; Politics; State Government
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