Wisconsin ends 2024 fiscal year with billions in surplus, record-high rainy day fund

MADISON, Wis. (WMTV) – Wisconsin ended its 2024 fiscal year with a $4.6 billion positive balance, Governor Tony Evers and the state’s Department of Administration (DOA) announced Tuesday.

Officials added that the state’s Budget Stabilization Fund, or ‘rainy day’ fund, reached a record-high $1.9 billion dollars.

Gov. Evers said the surplus is a testament to Wisconsin’s hard-working residents. As the governor looks to craft the next biennial budget, he said that the news comes at an important time.

“As I begin to prepare our state’s next biennial budget, this news comes at a critical time as we have needs that have long been neglected,” Gov. Evers said. “Stabilizing our child care industry, investing in public education at every level, and addressing rising costs for working families — that must be a top priority for us in this budget.”

Wisconsin’s budget period runs from July 1 of the odd-numbered year to June 30 of the next odd-numbered year.

The full report can be found here.

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