Wisconsin ranked no. 22 for fiscal health

A new report on the financial condition of the 50 states ranked Wisconsin no. 22 for its fiscal health in fiscal year 2023. The report found that the majority of state finances improved, but Wisconsin's finances worsened.

The analysis by Truth in Accounting, a nonprofit government finance watchdog group, found Wisconsin had $2.3 billion available to pay its bills. This means Wisconsin had enough money to pay its bills and maintained a Taxpayer Surplus™ of $1,000, which is why it received a “C” grade for its fiscal health.

Unfunded retirement obligations impaired the state’s ability to pay its bills regardless of market fluctuations. Inflation, market volatility, and other economic factors may further affect the state’s financial condition.