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Assignment 5.4. Reconciling SuRplus and Deficit in Wisconsin's Budget On February 1, 2009, the Washington State Journal reported that the governor of Wisconsin claimed that

image text in transcribedimage text in transcribed Assignment 5.4. Reconciling SuRplus and Deficit in Wisconsin's Budget 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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