• Home
  • News
    • Politics / Govt
    • Legislature
    • Crime / Courts
    • Health / Medicine
    • Archives
  • Sports
    • Badgers
    • Packers
      • Titletown Report
    • Brewers
  • Contact Us
    • Reporters
  • Affiliates
    • Affiliate Support

Wisconsin Radio Network

Wisconsin News and Sports

You are here: Home / Business / State unprepared for economic slowdown, study says

State unprepared for economic slowdown, study says

January 14, 2008 By WRN Contributor

A recomendation to pump up the state's "rainy day fund" is included in a new report on the state's fiscal health. Chris Schneider with the Wisconsin Policy Research Institute has authored a report on "Wisconsin's Subprime Budget Planning," and he finds such planning lacking, with Wisconsin "woefully unprepared" in the event of an economic downturn.

Wisconsin's insurance policy against future economic downturns is the state's stabilization fund, better known as the rainy day fund. Most other states that have such funds set aside about 5% of their gross receipts each year into a rainy day fund, while Wisconsin sets aside less than 1%. Schneider's report contains a number of recomendations, such as that the state deposit all unanticpated revenue in the rainy day fund, and establish the fund in the state constitution, to prevent governors and legislatures from raiding it for other purposes.

AUDIO: Bob Hague reports (:60 MP3)

Share this:

  • Facebook
  • Twitter

Filed Under: Business, Politics / Govt



Featured Stories

House passed gun purchase background check bills last year with no support from Wisconsin Republicans

Future of abortion in Wisconsin hinges on SCOTUS ‘Roe’ decision

Juvenile arrested in connection with death of Lily Peters

Missing Chippewa Falls girl found dead, police seek suspect

Medical marijuana legislation gets public hearing at Capitol

TwitterFacebook

Sports Headlines

Giannis breaks franchise scoring record, Bucks beat Nets in OT

Wisconsin’s Davis declares for NBA Draft

Badgers to face Arizona State in Las Vegas Bowl

Williams likely out for the season with broken hand

Packers releasing TE Jace Sternberger

More Sports

Tweets by @WRN

Get our news delivered to your inbox:

Enter your email address:

Delivered by FeedBurner

Copyright © 2022 · Learfield News & Ag, LLC