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

State faces $505M deficit going into 2017

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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. 

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