Study: Wis. Faces $505m Deficit Going Into 2017
Posted at: 06/12/2013 10:09 AM
| Updated at: 06/12/2013 10:16 AM
MADISON, Wis. (AP) - A new study estimates changes Republican lawmakers made to Gov. Scott Walker's executive budget will result in a half-billion dollar deficit going into the next two-year spending plan.
The Wisconsin State Journal reports a nonpartisan Legislative Fiscal Bureau's analysis of the 2013-2015 budget the Legislature's finance committee last week would leave the state with a $505 million shortfall in the 2015-2017 biennium.
The committee nearly doubled a Walker income tax cut, increased public school aid and transportation spending, added spending on school vouchers and created a private school tuition tax deduction.
The fiscal bureau's report also says property taxes on an average $154,800 home would increase $58 over the next two years compared with $19 in Walker's original budget.
Information from: Wisconsin State Journal
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