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 revenue to cover what we would have committed ourselves to spend in the next budget surplus bill. There would be no structural deficit. There would be no actual deficit. It's important to note that Wisconsin's revenues have beaten our own projections for many years running. (00:46–01:01)
CLAIM
Asserts that 4% economic growth would generate enough revenue to cover spending commitments in the next budget.
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