Gov. Tony Evers’ proposed budget for the biennium that starts in July increases spending by more than $3 billion a year over current levels. That increased spending would be funded in part by increased revenues — about $4.6 billion in higher tax revenue over the two-year period — but also by using up $3.6 billion of Wisconsin’s General Fund balance.

Evers’ proposal would reduce the General Fund balance to an amount equal to only 2 percent of annual General Fund state spending — well below the 16 percent that experts in state finance recommend, and far below the 18 percent projected for the end of the current fiscal year.

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