diff --git a/src/coreclr/vm/threads.cpp b/src/coreclr/vm/threads.cpp
index 72a14b5a81b84d..3f47949b2c2e93 100644
--- a/src/coreclr/vm/threads.cpp
+++ b/src/coreclr/vm/threads.cpp
@@ -3309,12 +3309,12 @@ DWORD Thread::DoAppropriateWaitWorker(int countHandles, HANDLE *handles, BOOL wa
     }
 
     ULONGLONG dwStart = 0, dwEnd;
-retry:
     if (millis != INFINITE)
     {
         dwStart = minipal_lowres_ticks();
     }
 
+retry:
     if (tryNonblockingWaitFirst)
     {
         // We have a final wait result from the nonblocking wait above
@@ -3344,10 +3344,9 @@ DWORD Thread::DoAppropriateWaitWorker(int countHandles, HANDLE *handles, BOOL wa
                 ret = WAIT_TIMEOUT;
                 goto WaitCompleted;
             }
-            else
-            {
-                millis -= (DWORD)(dwEnd - dwStart);
-            }
+
+            millis -= (DWORD)(dwEnd - dwStart);
+            dwStart = dwEnd;
         }
         goto retry;
     }
@@ -3421,18 +3420,17 @@ DWORD Thread::DoAppropriateWaitWorker(int countHandles, HANDLE *handles, BOOL wa
 
             // Compute the new timeout value by assume that the timeout
             // is not large enough for more than one wrap
-            dwEnd = minipal_lowres_ticks();
             if (millis != INFINITE)
             {
+                dwEnd = minipal_lowres_ticks();
                 if (dwEnd - dwStart >= millis)
                 {
                     ret = WAIT_TIMEOUT;
                     goto WaitCompleted;
                 }
-                else
-                {
-                    millis -= (DWORD)(dwEnd - dwStart);
-                }
+
+                millis -= (DWORD)(dwEnd - dwStart);
+                dwStart = dwEnd;
             }
             goto retry;
         }
@@ -3574,11 +3572,9 @@ DWORD Thread::DoSignalAndWaitWorker(HANDLE* pHandles, DWORD millis,BOOL alertabl
                 ret = WAIT_TIMEOUT;
                 goto WaitCompleted;
             }
-            else
-            {
-                millis -= (DWORD)(dwEnd - dwStart);
-            }
-            dwStart = minipal_lowres_ticks();
+
+            millis -= (DWORD)(dwEnd - dwStart);
+            dwStart = dwEnd;
         }
         //Retry case we don't want to signal again so only do the wait...
         ret = WaitForSingleObjectEx(pHandles[1],millis,TRUE);
diff --git a/src/tests/baseservices/threading/regressions/115178/115178.cs b/src/tests/baseservices/threading/regressions/115178/115178.cs
index 0ad7a004945eab..3e8608e9102634 100644
--- a/src/tests/baseservices/threading/regressions/115178/115178.cs
+++ b/src/tests/baseservices/threading/regressions/115178/115178.cs
@@ -165,9 +165,11 @@ private static void RunTestUsingTimedWait()
 
             stopwatch.Stop();
 
-            if (stopwatch.ElapsedMilliseconds < 2000)
+            long elapsedMilliseconds = stopwatch.ElapsedMilliseconds;
+            if (elapsedMilliseconds < 1980)
             {
-                Console.WriteLine($"Error waiting on event, wait returned too early.");
+                // Wait uses low resolution timer, test includes a margin of 20ms to account for timer resolution differences.
+                Console.WriteLine($"Error waiting on event, wait returned too early. Waited {elapsedMilliseconds} ms, expected at least 1980 ms.");
                 result = 5;
             }
 
diff --git a/src/tests/issues.targets b/src/tests/issues.targets
index f618a5e5c2f9d6..49ffcb88a3453f 100644
--- a/src/tests/issues.targets
+++ b/src/tests/issues.targets
@@ -30,9 +30,6 @@
         <ExcludeList Include="$(XunitTestBinBase)/baseservices/threading/regressions/2164/foreground-shutdown/*">
             <Issue>https://github.com/dotnet/runtime/issues/83658</Issue>
         </ExcludeList>
-        <ExcludeList Include="$(XunitTestBinBase)/baseservices/threading/regressions/115178/115178/*">
-            <Issue>https://github.com/dotnet/runtime/issues/116060</Issue>
-        </ExcludeList>
         <ExcludeList Include="$(XunitTestBinBase)/GC/Coverage/271010/**">
             <Issue>https://github.com/dotnet/runtime/issues/5933</Issue>
         </ExcludeList>