State ended 2009 fiscal year with $89.6 million balance, report says
The Department of Administration is reporting that the 2009 fiscal year ended with a positive balance of $89.6 million.
A letter attached to the report and signed by DOA Secretary Mike Morgan and State Controller Stephen Censky says in the report that the balance is $19.2 million higher than expected due to spending falling below estimates.
Also, GPR taxes fell 7.1 percent from $13.04 billion in FY2008 to $12.11 billion in FY2009.
"This decrease reflects spending cuts to GPR appropriations and federal fiscal relief
for education and Medicaid programs under the American Recovery and Reinvestment Act of 2009," the letter says.
Also according to the letter:
*Local assistance accounted for 56.7 percent of total GPR spending.
*Aid payments to individuals and organizations represented 17.3 percent of total GPR expenditures.
*The University of Wisconsin accounted for 8.8 percent of total GPR spending and state operations spending for all other state agencies accounted for 17.2 percent of the total.
The full report can be viewed here.
-- By Greg Bump




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