On february 1 2009 the washington state journal reported, Ask an Expert

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On February 1, 2009, the Washington State Journal reported that the governor of Wisconsin claimed that he had a surplus for the year ending in June 2008 of $130.7 million. However, according to Wisconsin Taxpayers Alliance, Wisconsin had a deficit of $2.5 billion. Since the state constitution requires Wisconsin to have a balanced budget, the governor needed to be able to make that announcement. How, then, could the state run a deficit?

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Financial Management, Finance

Category:- Financial Management
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