Wisconsin’s budget finished the fiscal year that ended June 30 with a $579 million surplus, $126 million more than expected and the fourth-largest surplus of the past two decades.

The amount was higher than expected mostly because agencies spent about $116 million less than they were authorized to spend.

Tax collections and departmental revenues came in almost level — $4.9 million more than projections that were made when the 2015-17 budget was approved two years ago, an indication that economic growth has held steady since then.

The surplus was the second-highest since Gov. Scott Walker was elected, with the highest coming in 2013 at $760 million.

The largest surpluses in the last two decades were in 1999 and 2000.

“Our pro-growth, pro-taxpayer reforms are working, and this is evidenced by the fact we have ended every year with a surplus since taking office,” Walker said in a statement.

This article was originally published in the Wisconsin State Journal