Sunday, September 4, 2011

The Walker Budget Is Already Working! Part XI

Good news! Thanks to Scott Walker and the Republican legislators, us regular people are already paying more while the poor suffering corporations and megabusinesses are getting some much needed relief:
Those end of the fiscal year revenue numbers finally came out on Friday, conveniently dumped before a holiday weekend. This only shows the numbers through the end of June, but we're already seeing the effects of the Fitzwalkerstani takeover seeping in. As the report notes, one group paid more, and another paid less than expected in May.
Revenues from the individual income tax and the sales and use tax were higher than the estimates by $10.6 million and $19.0 million, respectively. These increases were offset by lower than anticipated revenues from the corporate income and franchise tax ($27.1 million) and the cigarette tax ($15.2 million). The remaining tax sources had smaller variances.
Seems even when put that way, and the FY2011 revenues only came up $12.8 million short of the new and improved revenue numbers revealed last May. (These were the estimates which showed how huge a lie Walker made when he claimed the state was "broke", as $636 million in new revenues for FY2011, 2012 and 2013 were revealed as the result of an improved situation due to the budget passed by Jim Doyle and the Dems in 2009)
Jake at his Economic TA Funhouse breaks it down and shares even more good news!

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