Wisconsin Budget Committee OKs Tax Cut Plan

By: Associated Press
By: Associated Press

The Wisconsin Legislature's budget committee has signed off on a deal to move Gov. Scott Walker's $504 million property and income tax cut bill forward.

Walker wants to use dollars from the state's projected $977 million surplus to fund the cuts. The state Assembly passed the bill earlier this month but Senate Republicans have been hesitant to embrace the proposal. They're worried Walker's plan would increase a projected shortfall in the state's next budget to $807 million.

Republicans reached a deal Tuesday that calls for placing $118 million into the state's general fund rather than in its rainy day account, requiring state agencies to return $38 million to the state's general fund during the fiscal year that begins July 1, 2015.

The Joint Finance Committee approved the changes 12-4 Wednesday.


Join the Conversation!

To comment, the following rules must be followed:

  • No Obscenity, Profanity, Vulgarity, Racism or Violent Descriptions
  • No Negative Community Comparisons
  • No Fighting, Name-calling, or Personal Attacks
  • Multiple Accounts are Not Allowed
  • Stay on Story Topic

Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.

Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Questions may be sent to comments@wsaw.com.
Please provide detailed information.
All comments must adhere to the WSAW.com discussion rules.

powered by Disqus
WSAW-TV 1114 Grand Ave. Wausau, WI 54403
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 246241171 - wsaw.com/a?a=246241171
Gray Television, Inc.