On October 15, Governor Tony Evers announced that the state government ended Fiscal Year 2024 with a positive balance of $4.6 billion.  This amount is $821.3 million higher than projected.  This balance will be used when the Legislature’ crafts the state’s Fiscal Year 2025-2027 budget next year. 

Also, the state’s budget stabilization fund or “rainy day fund,” which is intended to be used to balance the state budget in a time of reduced tax revenue, is $1.9 billion.  This fund balance is the highest in the state’s history.