State Budget ProcessState Budget Process
Wisconsin operates on a 2-year budget cycle, with each fiscal year beginning on July 1. Development of a state budget follows a continuous, deliberate cycle:
n Spring/summer (even-numbered year): Agencies develop internal priorities and initiatives.
n Fall (even-numbered year): Agencies submit budget requests to State Budget Office (Dept. of Administration).
n Nov. 20 (even-numbered year): Dept. of Administration required to compile a report on each state agency request and prepare actual and estimated revenue estimates for current and upcoming biennial budget.
n January/February (odd-numbered year): Governor introduces Executive Budget proposal.
n Spring (odd-numbered year): Joint Committee on Finance holds public hearings and takes executive action on Governor’s proposal.
n Summer (odd-numbered year): Both houses of the Legislature approve biennial budgets. A Conference Committee is held to resolve differences and develop an identical version of the budget that must be approved by each house.
n Summer/Fall (odd-numbered year): Governor signs budget and issues vetoes.
n Fall (odd-numbered year): Legislative veto review. A two-thirds vote in each house is required to override a Governor’s veto.