Is Land Purchase a State Spending Priority for You?

The Milwaukee Journal Sentinel reported this week that the State of Wisconsin approved spending $18.5 million for the purchase of 24,922 acres through the State Stewardship Fund.

Wisconsin’s general fund balance is at $25 million.  While this might seem like a lot of money, it’s not.  Our state is mandated to maintain an ongoing balance of $65 million.  A general fund balance is much like a checking account balance.  In other words, this would mean that the state of Wisconsin’s checking account is dipping precariously low - low enough that we should wonder if we may be hit with some overdraft charges.