What is a prediction and what comes into play when looking at the numbers is how well Wisconsin's economy is growing, going to do going into the next budget, and how much growth in tax collections we will see. The projected structural deficit doesn't take into account a growing economy, more people working, higher wages or stronger business activity, all of which generate tax revenue. The smart people at the Legislative Fiscal Bureau have told us that if the state were to see about 4% growth in the next biennium, the state would collect enough … (00:33–00:46)
CLAIM
Asserts that the projected structural deficit does not consider economic growth factors that generate tax revenue.
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