The Joint Finance Committee today voted along party lines to approve a $2.1 billion GOP package that would reduce income taxes while expanding other breaks for retirement income, married couples and child care.
The drop was largely driven by two factors: a decrease in the projected growth of tax collections and the deal Assembly Speaker Robin Vos, R-Rochester, struck with UW officials to curtail DEI positions that included additional funds for the system.
The Joint Finance Committee is holding off taking any action on releasing $2 million to two Wisconsin tribes until after they respond to letters from GOP lawmakers.
The GOP-run Joint Finance Committee today shot down along party lines the Evers administration’s request for more positions to help process credential requests at the Department of Safety and Professional Services.
JFC also voted 11-4 along party lines on
Assembly Republicans today announced plans to again seek to reduce the state’s third-highest income tax bracket while pairing it with a new break on retirement income as part of a $2.9 billion cut. They also rolled out plans to amend
Assembly Minority Leader Greta Neubauer, D-Racine, today appointed Rep. Deb Andraca, D-Whitefish Bay, to serve on the Joint Finance Committee for the rest of the 2023-24 session.
Wisconsin is projected to finish the 2023-25 biennium with a more than $4 billion surplus after Dem Gov. Tony Evers vetoed the bulk of a GOP income tax cut plan, according to new figures from the Legislative Fiscal Bureau.
Gov. Tony Evers today vetoed a GOP plan to cut Wisconsin’s top two income tax rates but signed most of the nearly $99 billion budget passed by Republican lawmakers.
The Assembly late this evening approved 63-34 along party lines a $98.7 billion two-year budget that would pump more money into K-12 education, raises for state employees and transportation projects.
The state would reduce income taxes by $3.5 billion, fund a boost in shared revenue and cut $32 million in state aid for the UW System under a $98.7 billion state budget that cleared the state Senate 20-13 today.
The Assembly plans to be in session at 1 p.m. Thursday to begin debate on the state budget, setting up the Legislature to pass the document before the fiscal year ends the following day.
The state Senate will take up the budget on Wednesday as the Legislature works to complete its work on the document this week.
Gov. Tony Evers today was noncommittal about potentially vetoing the GOP’s $3.5 billion income tax cut passed by the Joint Finance Committee but said he still believes tax cuts shouldn’t go to the rich.
The Joint Finance committee voted 12-4 along party lines to approve the state budget after Republicans signed off on a $3.5 billion income tax cut and voted to cut $32 million from the UW System. Senate Majority Leader Devin LeMahieu,
The Joint Finance Committee today voted 12-4 along party lines to approve a plan that would cut income taxes by $3.5 billion.
The Joint Finance Committee today voted 12-4 along party lines to increase state employee compensation by over $700 million.
The Joint Finance Committee this evening voted along party lines to cut $32 million from the UW System budget over its diversity, equity and inclusion efforts, as Dems blasted the decision.
GOP lawmakers announced today they plan to pass a $3.5 billion income tax package that would drop Wisconsin to three tax brackets from four and reduce the rate of the top bracket by more than 1 percentage point.
The Joint Finance Committee is set to meet tomorrow at 4:30 p.m. to finish up the state budget. The committee’s agenda includes the UW System, Budget Management and Compensation Reserves, Wisconsin Housing and Economic Development Authority, Shared Revenue and Tax
Republican lawmakers are still hashing out details of a proposed income tax cut of more than $3 billion while Brewers talks have stalled, GOP Assembly leaders told reporters today.
