State faces $505M deficit going into 2017 - WQOW TV: Eau Claire, WI NEWS18 News, Weather, and Sports

State faces $505M deficit going into 2017

Posted:

MADISON (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 the nonpartisan Legislative Fiscal Bureau' analysis of the 2013-2015 budget the Legislature's finance committee passed 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 say property taxes on an average $154,800 home would increase $58 over the next two years compared with $19 in Walker's original budget. 

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and WQOW. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service and Mobile Privacy Policy & Terms of Service.

Persons with disabilities who need assistance with issues relating to the content of this station's pubic inspection file should contact Director of Station Operations Lisa Patrow at 715-852-5920. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, at 888-835-5322 (TTY) or at fccinfo@fcc.gov.