MADISON – On Thursday, Governor Tony Evers announced his plan to allocate a portion of Wisconsin’s record $3.8 billion surplus to provide a tax refund to Wisconsin residents, deliver additional tax relief for childcare and caregiver costs, and increase funding for Wisconsin Schools. In response to the Governor’s announcement State Representative Samba Baldeh (D-Madison) issued the following statement:
“I applaud the Governor for presenting a plan to reinvest a portion of our record surplus back into the state’s workers, families, businesses, and schools. $3.8 billion dollars won’t provide any help for the people of Wisconsin if it’s left sitting in the state coffers until we take up the next state budget in June of 2023.”
“By providing immediate tax relief for families struggling to cover the costs of childcare during the pandemic the Governor’s plan will make it easier for many Wisconsinites to return to the workforce.”
On Tuesday, the Legislative Fiscal Bureau updated the state’s revenue projections to $3.8 billion. Evers’s plan would spend $1.7 billion to provide a $150 refund to every Wisconsin resident, provide $131.8 million in targeted tax relief to caregivers and families, and invest $750 million in education.