Wisconsin Fiscal Statistics

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20122021
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State Revenue Analysis (Wisconsin: 20122021)

Population: 5,724,888 5,822,434 (1.7% change)

Overall Revenue Trends

Total Revenue 40.9%
$32,598,078,000 (2012)$45,932,180,000 (2021)
Per Capita Revenue 38.5%
$5,694 (2012)$7,889 (2021)
Fund Balances 47.2%
$17,928,018,000 (2012)$26,389,534,000 (2021)
Revenue Volatility✓ Low
Avg. fluctuation: 5.0%

Major Tax Revenue

Property Tax 38.4%
$155,571,000 (2012)$95,757,000 (2021)
Sales Tax 48.6%
$4,288,739,000 (2012)$6,373,483,000 (2021)

Utility Revenue

Sewerage Charges 55.3%
$114,000 (2012)$51,000 (2021)
Solid Waste Charges 100%
$759,000 (2012)$0 (2021)

Growth Analysis

Fastest Growing Revenue Sources

Other License Tax1116.5%
$5,168,000$62,868,000
Federal Intergovernmental Other294.9%
$624,272,000$2,464,940,000
Workers Compensation - Other Contributions275.8%
$2,829,000$10,632,000

Declining/Slowest Growing Sources

Death & Gift Tax 99.7%
$323,000$1,000
Amusement License Tax 94.2%
$619,000$36,000
Parks & Recreation Charges 90.9%
$44,141,000$4,030,000

Revenue Forecast

Projected Revenue (Next Year) 8.1%
Estimated: $49,650,623,958
Based on 3-year revenue trend

Revenue Composition

2012 Revenue Sources

Individual Income Tax20.7%
Federal Intergovernmental Public Welfare15.9%
Total General Sales Taxes13.2%
Federal Intergovernmental Education4.8%
Higher Education Tuition Charges4.2%
Unemployment - Contribution3.9%
Hospital Charges3.9%
Motor Fuels Sales Tax3.0%
Corporation Net Income Tax2.9%
Interest Earnings2.8%
Federal Intergovernmental Highways2.3%
Miscellaneous General Revenue Not Elsewhere Classified2.1%
Tobacco Sales Tax2.0%
Donations From Private Sources1.9%
Federal Intergovernmental Other1.9%
All Other Not Elsewhere Classified Charges1.7%
Other Selective Sales Taxes1.4%
Motor Vehicle License1.4%
Higher Education Auxiliary Charges1.3%
Occupation & Business License Not Elsewhere Classified1.2%
Public Utilities Tax1.2%
Federal Intergovernmental Health & Hospitals0.8%
Net Lottery Revenue0.7%
Insurance Premium Tax0.5%
Property Tax0.5%
Federal Intergovernmental Other Natural Resources0.3%
Federal Intergovernmental Employment Security Administration0.3%
Local Intergovernmental Public Welfare0.3%
Public Utility License Tax0.2%
Hunting & Fishing License0.2%
Natural Resources Not Elsewhere Classified Charges0.2%
Local Intergovernmental Highways0.2%
Fines & Forfeits0.2%
Alcoholic Beverage Sales Tax0.2%
Rents0.2%
Federal Intergovernmental Air Transportation0.2%
Federal Intergovernmental Sewerage0.1%
Federal Intergovernmental Transit Utilities0.1%
Parks & Recreation Charges0.1%
Motor Vehicle Operators License0.1%
Documentary & Stock Transfer Tax0.1%
Local Intergovernmental Health & Hospitals0.1%
Regular Highway Charges0.1%
Local Intergovernmental Other0.1%
Corporation License Tax0.1%
Local Intergovernmental Education0.0%
Housing & Community Development Charges0.0%
Federal Intergovernmental Water Utilities0.0%
Taxes Not Elsewhere Classified0.0%
Education Other State Charges Not Elsewhere Classified0.0%
Federal Intergovernmental Housing & Community Development0.0%
Other License Tax0.0%
Severance Tax0.0%
Sale of Property0.0%
Parking Facilities Charges0.0%
Workers Compensation - Other Contributions0.0%
Alcoholic Beverage License Tax0.0%
Solid Waste Charges0.0%
Amusement License Tax0.0%
Death & Gift Tax0.0%
Amusement Tax0.0%
Sewerage Charges0.0%

2021 Revenue Sources

Individual Income Tax19.7%
Federal Intergovernmental Public Welfare17.7%
Total General Sales Taxes13.9%
Corporation Net Income Tax5.5%
Federal Intergovernmental Other5.4%
Hospital Charges5.0%
Miscellaneous General Revenue Not Elsewhere Classified4.0%
Higher Education Tuition Charges4.0%
Federal Intergovernmental Education3.7%
Motor Fuels Sales Tax2.4%
Federal Intergovernmental Highways1.9%
Donations From Private Sources1.8%
Motor Vehicle License1.6%
Interest Earnings1.5%
Tobacco Sales Tax1.3%
Unemployment - Contribution1.2%
All Other Not Elsewhere Classified Charges1.1%
Federal Intergovernmental Health & Hospitals1.0%
Other Selective Sales Taxes0.9%
Public Utilities Tax0.8%
Occupation & Business License Not Elsewhere Classified0.8%
Net Lottery Revenue0.6%
Higher Education Auxiliary Charges0.6%
Insurance Premium Tax0.5%
Federal Intergovernmental Employment Security Administration0.2%
Documentary & Stock Transfer Tax0.2%
Federal Intergovernmental Other Natural Resources0.2%
Property Tax0.2%
Rents0.2%
Alcoholic Beverage Sales Tax0.2%
Hunting & Fishing License0.2%
Local Intergovernmental Highways0.2%
Federal Intergovernmental Air Transportation0.2%
Local Intergovernmental Public Welfare0.1%
Other License Tax0.1%
Public Utility License Tax0.1%
Fines & Forfeits0.1%
Local Intergovernmental Other0.1%
Local Intergovernmental Health & Hospitals0.1%
Motor Vehicle Operators License0.1%
Natural Resources Not Elsewhere Classified Charges0.1%
Corporation License Tax0.1%
Federal Intergovernmental Transit Utilities0.1%
Unemployment - Interest Revenue0.1%
Regular Highway Charges0.1%
Housing & Community Development Charges0.0%
Taxes Not Elsewhere Classified0.0%
Federal Intergovernmental Housing & Community Development0.0%
Workers Compensation - Other Contributions0.0%
Education Other State Charges Not Elsewhere Classified0.0%
Parks & Recreation Charges0.0%
Severance Tax0.0%
Local Intergovernmental Education0.0%
Parking Facilities Charges0.0%
Alcoholic Beverage License Tax0.0%
Sale of Property0.0%
Sewerage Charges0.0%
Amusement Tax0.0%
Amusement License Tax0.0%
Death & Gift Tax0.0%

Key Insights

  1. 1Total revenue increased by 40.9% from 2012 to 2021, representing a significant change in the state's financial position.
  2. 2Population changed by 1.7%, while per-capita revenue changed by 38.5%.
  3. 3The state's fund balances increased by 47.2%, suggesting improved fiscal health.
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State Expense Analysis (Wisconsin: 2012 - 2021)

Total Expenditure Trends

Operating Expenditures 21%
$11,395,853,000$13,762,744,000
Per Capita Spending 19%
$1,991$2,364

Population Trends

Population Change 1.7%
5,724,888 (2012)5,822,434 (2021)

Public Safety Expenses

Police Protection 68%
$0 (2012)$0 (2021)
Fire Protection 0%
$0 (2012)$0 (2021)

Infrastructure Expenses

Highways Maintenance 33%
$0 (2012)$0 (2021)
Sewerage Operations 313%
$0 (2012)$0 (2021)

Administrative Expenses

Financial Administration 14%
$0 (2012)$0 (2021)
General Expenses 191%
$0 (2012)$0 (2021)

Wisconsin Key Insights

  1. 1General expenses increased dramatically by 191%, which may indicate classification changes, new initiatives, or reporting adjustments
  2. 2Sewerage was the fastest growing major expense category at 313% increase
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State Debt Analysis (2012-2021)

Debt Trends

Total Long-Term Debt 7%
$11,972,990,000 (2012)$11,139,718,000 (2021)
Industrial Revenue Debt 2%
$11,022,718,000 (2012)$10,838,618,000 (2021)
Per Capita Debt 9%
$2,091 (2012)$1,913 (2021)

Population Trends

Population Change 1.7%
5,724,888 (2012)5,822,434 (2021)

Debt Management

Most Recent Year (2021)

Issued:$3,518,296,000
Retired:$2,190,937,000
Net Change:+$1,327,359,000

Debt Retirement Trend

$2,932,199,000 → $2,190,937,000 25%