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The state is now projected to finish the 2023-25 budget with a $4 billion surplus, and the Evers administration expects nearly $1.7 billion in new tax collections over the following two-year period.
Wisconsin finished 2023-24 with about $400 million more in the general fund than was previously expected, according to the state’s annual fiscal report released today.
The Joint Finance Committee voted along party lines today to approve $825,700 in funding to cover the Department of Transportation’s costs to issue replacement license plates. But the motion approved 11-4 also rejected the agency’s request for $4.9 million to pay for issuing standard license plates.
Joint Finance Committee Co-chair Mark Born said today UW leaders are basically handing out “candy” to chancellors with the new round of raises approved this week, giving him pause about the system’s financial needs. “To be handing out a second
The Joint Finance Committee today approved $5 million for a program to help attract large events to the state of Wisconsin, half of what WEDC had requested to get the project off the ground.
The Joint Finance Committee today reworked the Evers administration’s $36 million plan for opioid settlement funds in the upcoming fiscal year to send more money to capital projects, medication assisted treatment and law enforcement, among other things.
The Joint Finance Committee voted unanimously today to release $31.9 million to the Universities of Wisconsin to fund efforts to produce more graduates in high-demand areas such as nursing and engineering.
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 latter includes $423 million in state money for building projects on the UW campuses, among other things.
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 a $3 billion GOP bill seeking to reduce the state’s third-highest income tax bracket while expanding an existing break on retirement income.
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 the Wisconsin Constitution to require a two-thirds majority to raise taxes.
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 state is now projected to finish the 2023-25 budget with a $4 billion surplus, and the Evers administration expects nearly $1.7 billion in new tax collections over the following two-year period.
Wisconsin finished 2023-24 with about $400 million more in the general fund than was previously expected, according to the state’s annual fiscal report released today.
The Joint Finance Committee voted along party lines today to approve $825,700 in funding to cover the Department of Transportation’s costs to issue replacement license plates. But the motion approved 11-4 also rejected the agency’s request for $4.9 million to pay for issuing standard license plates.
Joint Finance Committee Co-chair Mark Born said today UW leaders are basically handing out “candy” to chancellors with the new round of raises approved this week, giving him pause about the system’s financial needs. “To be handing out a second raise this year, it appears that there’s no shortage of
The Joint Finance Committee today approved $5 million for a program to help attract large events to the state of Wisconsin, half of what WEDC had requested to get the project off the ground.
The Joint Finance Committee today reworked the Evers administration’s $36 million plan for opioid settlement funds in the upcoming fiscal year to send more money to capital projects, medication assisted treatment and law enforcement, among other things.
The Joint Finance Committee voted unanimously today to release $31.9 million to the Universities of Wisconsin to fund efforts to produce more graduates in high-demand areas such as nursing and engineering.
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 latter includes $423 million in state money for building projects on the UW campuses, among other things.
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 a $3 billion GOP bill seeking to reduce the state’s third-highest income tax bracket while expanding an existing break on retirement income.
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 the Wisconsin Constitution to require a two-thirds majority to raise taxes.
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.