New estimates were released today on the size of the budget deficit Wisconsin faces over the next biennium.

The good news is that the figures are somewhat lower than other recent estimates.

The bad news, and there’s always bad news, is too long to list here. Check out the newest post on the Wisconsin Budget Project blog instead for more about the size of the budget deficit, what that number includes and doesn’t include, and how Governor-elect Walker’s policies may change the size of the deficit.