How much debt does Wisconsin have?

about 22.33 billion U.S. dollars
In the fiscal year of 2021, Wisconsin’s state debt stood at about 22.33 billion U.S. dollars. By the fiscal year of 2027, this is forecasted to increase to about 27.58 billion U.S. dollars.

How does Wisconsin’s debt compare to other states?

According to the U.S. Census Bureau, Wisconsin had a debt of $22,086,615,000 in fiscal year 2015. The state debt per capita was $3,829. This ranked Wisconsin 16th among the states in debt and 17th in per capita debt. The total state debt owned by the 50 states was $1.15 trillion with a per capita debt of $3,582.

Which states are in debt the most?

States with the Most Debt

1. New York. New York has the highest debt of any state, with total debt of over $203.77 billion.
2. New Jersey. New Jersey has the second-highest amount of debt in the country.
3. Illinois.
4. Massachusetts.
5. 5. California.

How is Wisconsin doing financially?

Wisconsin only has $20.9 billion of assets available to pay bills totaling $24.9 billion. Because Wisconsin doesn’t have enough money to pay its bills, it has a $4.1 billion financial hole. To fill it, each Wisconsin taxpayer would have to send $2,000 to the state.

Does WI have a surplus?

The leader of the Wisconsin Department of Revenue said the state is in its strongest financial position in more than 50 years. Speaking Monday on Wisconsin Public Radio’s “The Morning Show,” DOR Secretary Peter Barca said the state is expected to end its current two-year budget with a $3.8 billion surplus.

Which us state is the most financially stable?

Alaska is the top state for fiscal stability. It’s followed by South Dakota, Tennessee, Idaho and Utah to round out the top five. Half of the 10 states with the best fiscal stability also rank among the top 10 Best States overall. Learn more about the Best States for fiscal stability below.

How much money does the state of Wisconsin have?

Wisconsin only has $20.9 billion of assets available to pay bills totaling $24.9 billion. Because Wisconsin doesn’t have enough money to pay its bills, it has a $4.1 billion financial hole.

What does Wisconsin spend the most money on?

Wisconsin’s largest spending areas per capita were public welfare ($2,340) and elementary and secondary education ($2,110). The Census Bureau includes most Medicaid spending in public welfare but also allocates some of it to public hospitals.

How much is Wisconsin’s surplus?

Speaking Monday on Wisconsin Public Radio’s “The Morning Show,” DOR Secretary Peter Barca said the state is expected to end its current two-year budget with a $3.8 billion surplus. “We’re in the best shape we’ve been in fiscally in more than a half century.

Why are taxes in Wisconsin so high?

Wisconsin’s relatively high residential property taxes are driven by: greater reliance on local service delivery here compared to elsewhere; more units of government using the property tax; few local revenue options other than the property tax; and the state’s constitutional “uniformity clause,” which requires all …

Does Wisconsin have a state surplus?

What is the most financially stable state in the US?

Are Wisconsin taxes higher than Illinois?

For corporate income tax rates in 2018, the Tax Foundation reports that Illinois’ rate of 9.5% is one of the highest in the country, compared with Wisconsin’s 7.9%.