The Office of the Governor of the State of Wisconsin

10/15/2025 | Press release | Archived content

Gov. Evers Celebrates Wisconsin’s Continued Strong Fiscal Outlook Despite National Economic Uncertainty as State Ends Fiscal Year with $4.6 Billion Positive Balance

Press Release: Gov. Evers Celebrates Wisconsin's Continued Strong Fiscal Outlook Despite National Economic Uncertainty as State Ends Fiscal Year with $4.6 Billion Positive Balance

State of Wisconsin sent this bulletin at 10/15/2025 10:30 AM CDT
FOR IMMEDIATE RELEASE: October 15, 2025
Contact: [email protected]
Gov. EversCelebrates Wisconsin's Continued Strong Fiscal Outlook Despite National Economic Uncertainty as State Ends Fiscal Year with $4.6 Billion Positive Balance
State's general fund balanceexceeds estimates by over $265 million, record-high 'rainy day'fund continuesto grow
MADISON - Gov. Tony Evers today celebrated Wisconsin's continued fiscal success and outlook despite continued national economic uncertainty and volatility. The Evers Administration today announced the state ended fiscal year(FY) 2025 with a positive ending balance of $4.6 billionin the General Fund-the state's main checking account-exceeding previousestimates by over $265 million. Additionally, the state's 'rainy day'fund, also known as the Budget Stabilization Fund, increased to approximately $2 billion. This is the largest balance in the 'rainy day'fund in state history, which has grown by over $1.6 billionunder Gov. Evers'leadership, more than six times what it was at the end of FY 2018, prior to the governor taking office.

"Over the past six years, we've been hard at work to provide real, responsible tax relief for middle-class folks and families, while still paying down our state's debts and saving where we can-and it's clear our hard work is paying off," said Gov. Evers. "This is great news for our state's financial future, especially given all of the national economic uncertainty and volatility we're facing today. I look forward to continuing to work across the aisle to be good stewards of taxpayer dollars while making smart and strategic investments to protect the future that we've worked hard to build together."

According to the Department of Administration (DOA), notably, the six largest ending General Fund balances in state history have all occurred in the six full fiscal years that Gov. Evers has been in office.

"We're incredibly proud of the prudent fiscal management demonstrated under the guidance of Gov. Evers for the State of Wisconsin for six years straight," said DOA Secretary Kathy Blumenfeld. "Being good stewards of Wisconsin taxpayers' funds and ensuring we continue to set our state up for future financial success remain our highest priorities."

The new Annual Fiscal Report released by DOA, which covers FY 2025 that ended on June 30, 2025, is available on DOA'swebsite here. Highlights of the report include:
  • The state'sGeneral Fund balance at the end of FY 2025 was $4.6 billion, nearly thesame figure it was at the end of FY 2024, and over $265 million above budgeted estimates.
  • The current State Budget Stabilization Fund, or 'rainy day'fund,balance increased to roughly $2 billionat the end of FY 2025, the largest figure in state history.
  • State General Fund tax collections in FY 2025 totaled $22.4billion, increasing by 4.8 percent over the prior year. FY 2025 tax collections were slightly higher than the most recent estimates projected in May 2025.
An online version of this release is available here.
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Office of the Governor • 115 East Capitol, Madison, WI 53702
Press Office Email: [email protected]
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The Office of the Governor of the State of Wisconsin published this content on October 15, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on October 17, 2025 at 20:46 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]