November 21. 2012 6:00AM - Last modified: November 21. 2012 6:59AM

MADISON - Walker's budget forecast looks rosy

Gov. Scott Walker’s administration told the Legislature on Tuesday that modest economic growth coupled with “frugal management ” means Wisconsin is poised to end the two-year budget cycle in June with a net $283 million surplus.

Department of Administration Secretary Mike Huebsch laid out the figures in a letter required under the law that was delivered to Walker and the Republican-controlled Legislature. The memo gives the clearest picture yet of the state’s financial condition heading into next year, but the figures will be further refined by the nonpartisan Legislative Fiscal Bureau in January. Walker in February will release his budget covering July 2013 through June 2015.

But Assembly Democratic Minority Leader Peter Barca urged caution in reading too much into the numbers since they were produced by the Walker administration.

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