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Home » Blog » Agribusiness » Marklein Says We’ll Likely Need Rainy Day Fund
March 8, 2021

Marklein Says We’ll Likely Need Rainy Day Fund

September 9, 2020

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Marklein Says We’ll Likely Need Rainy Day Fund

It doesn’t matter what your occupation is – chances are you pay attention to your bank balance, your checking account, your debit card. Well State Senator Howard Marklein is keen on doing that for the state’s checkbook too.

Marklein spoke with the Midwest Farm Report about numbers recently released by the Legislative Fiscal Bureau regarding the states collected taxes, and believe it or not – it wasn’t all bad. Marklein says the numbers were updated as of June 30th, and show the state’s general purpose revenue saw about a 1.1% increased in collected taxes over a year ago, and a 1.3% increase over what was budgeted. That means the state was able to transfer more than $105 million into the “rainy day fund” – which Marklein believes the state will definitely need in overcoming shortfalls created by covid-19.

Marklein says it’s critical that farmers and agribusinesses stay aware of these numbers because of its potential impact on many farm programs ranging from the Dairy Innovation Hub project to county fair funding.

Filed Under: Agribusiness, Commodities, Education, Hunting, News, Outdoors Tagged With: Dairy Innovation Hub, Legislative Fiscal Bureau, rainy day fund, Senator Howard Marklein

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About Pam Jahnke

Getting up at 2 in the morning might shock some of her listeners, but for Pam Jahnke, it’s part of the business. Born in Northeastern Wisconsin, Pam Jahnke grew up in agriculture. Raised on her family’s 200-acre dairy farm, she learned the “farm work ethic” first hand.

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