Bad budget news for Wisconsin: No new money

MADISON, Wis. (AP) — Wisconsin just got some bad budget news.

The nonpartisan Legislative Fiscal Bureau said in a memo sent Wednesday and obtained by The Associated Press that it is not expecting any additional tax revenue over the next two years.

That means lawmakers will not have any additional money to spend as they work on revisions to Gov. Scott Walker’s budget.

Republican leaders said as recently as Tuesday that they were hoping for more money to plug a $127 million cut to public schools and reduce a $300 million cut to the University of Wisconsin.

But Fiscal Bureau director Bob Lang says in a brief letter submitted to the co-chairs of the budget-writing Joint Finance Committee that current estimates of how much taxes the state will collect “should not be adjusted.”

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