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Cory Tomczyk: “Wisconsin still has $2.1 billion in a rainy day fund, an…”

Featuring: Cory Tomczyk, Republican | Wisconsin State Senate, 29th District

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What Happened to Wisconsin's Surplus Deal Part Two

Published | Video Starts at 02:35

And maybe, just maybe, your state government would reduce taxes so there wouldn't be a surplus. I don't know if that could happen with a divided government. The state of Wisconsin is not going broke. Wisconsin still has $2.1 billion in a rainy day fund, an insurance policy, if you will, sitting untouched as a backstop should the economy take a turn for the worse. And as a result of the budget surplus bill not passing, the state still has an additional $2.3 billion surplus sitting in Madison. (02:35–02:47)

CLAIM

Asserts that Wisconsin has $2.1 billion in a reserve fund for economic downturns.

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