FRI News Summary: Gov. Evers budget plan would create a shortfall, over $2 billion tax increase

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Evers' budget has a $2.4B net tax increase, would create a shortfall… Evers proposal would cut income and sales taxes by $900M … lower local property taxes by $1B+ … raise state taxes by $3.3B for a net increase of $2.B … spend $59B+/yr [up 20%] … balance … by drawing down the state's sizable reserves by an estimated $3.6B … draw down the state’s roughly $4.3B surplus … to about $646M ...