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Walker Signs Tax Cut Bill

Created: 03/24/2014 9:43 AM WDIO.com

MADISON, Wis. (AP) - Gov. Scott Walker will sign his tax cut bill at a farm in Shawano County.

Walker will sign the legislation Monday at Horsens Homestead Farms in Cecil.

The bill devotes a large chunk of the state's $977 million surplus to property and income tax cuts. It sends $406 million to technical colleges to reduce their property tax hit and cuts income taxes by nearly $99 million.

For taxpayers, the measure amounts to a $131 reduction on a median-valued home's tax bill this December and saves the average worker $46 in annual income taxes.

Democrats criticized the bill as an election year gimmick. Walker faces re-election in November.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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