The Wisconsin Legislative Fiscal Bureau released dismal revenue estimates on Monday boosting the state’s $5 billion deficit in the current fiscal year and through the next biennial budget by another $1.6 billion to $6.6 billion.

Tax revenue in fiscal 2009, which ends June 30, is expected to fall another $408 million below the last estimate and will fall another $573 million in fiscal 2010 and $622 million in fiscal 2011. Individual income tax revenue was down by 35% last month over April 2008 levels and was down 8.3% for the fiscal year to date.

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