Wisconsin Department of Administration (DOA) Secretary Joel Brennan announced that state agencies will return more than $300 million to the state’s general fund in the current budget year (FY20-21). The savings will be generated based on specific targets that have been communicated to each agency.
The reductions follow Gov. Tony Evers’ July request that the DOA work with state agencies to identify $250 million in cost savings, known as lapses, for the current fiscal year (FY20-21), which ends June 30, 2021.
“There is no doubt that state agencies must make difficult decisions,” said Secretary Brennan. “This pandemic has affected every community in Wisconsin, and families across our state have also had to make tough decisions. This Administration is committed to taking the necessary actions to stabilize the state’s budget and spur on Wisconsin’s
economic recovery from the COVID-19 pandemic.”
The next step is for agencies to develop plans on how they will achieve their targeted savings amounts before the end of the fiscal year. Agencies are being asked to submit their lapse plans to the DOA by December 15, 2020.