MADISON, Wis. (AP) -- Gov. Scott Walker's administration says the state ended the 2013 fiscal year with a $759 million surplus.
The figures were reported Monday, the day before the Senate was scheduled to vote on Walker's proposal to cut property taxes by $100 million over the next two years. That will lower taxes on the typical home by $13 this year.
The Department of Administration report shows that as of June 30 the state's budget surplus grew from a projected $485 million to just over $759 million. Most of it comes from stronger than anticipated state tax collections.
Walker says $153 million is being put into the state's rainy day fund, bringing its balance to $278 million.
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