State tax revenue could drop over two years - WQOW TV: Eau Claire, WI NEWS18 News, Weather, and Sports

State tax revenue could drop over two years


MADISON (WKOW) -- A new report from the Legislative Fiscal Bureau says state tax revenue could drop by $677 million over the next two years.  The decrease in revenue is driven by a $648 million tax cut.

The nonpartisan agency released the report Thursday. It comes just days before the state Assembly is scheduled to begin its budget debate.

However, because of increased tax enforcement efforts included in the budget, it's estimated about $92 million in taxes not currently collected will be brought in over the next two years.

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 News Director Dan Schillinger 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