State budget hole grows to $5.7 billion
Gov. Jim Doyle warned in his State of the State address that the record deficit in the next state budget would keep growing and it has.
Thursday, the Legislative Fiscal Bureau said there's now a $5.7 billion shortfall between state spending requests and expected revenues in the two-year budget that takes effect in July.
Bureau director Robert Lang said corporate tax collections are projected to be $322 million less than previously estimated.