Wisconsin Surplus Surprises Lawmakers | Milwaukee News

Milwaukee News Today | 2 Min News | The Daily News Now! · Aug 28, 2026 · 1m

Wisconsin’s budget surplus just ballooned to nearly $3 billion—way more than expected—thanks to a surprise surge in tax revenue, leaving lawmakers scrambling to rethink their tax relief plans. After last year’s failed Senate vote on a school-focused tax cut package, some Republicans are now pushing to revive it, especially with 80% of voters supporting the idea. The state collected $23 billion this year, up 3.4% from last year and 2% over projections, proving the economy is holding strong. With key negotiators retiring ahead of the election, the future of this windfall—and how it’s spent—is…