[Madison, Wis.] – In case you missed it, Gov. Scott Walker signed a two-year state budget on Thursday that continues his bold conservative reforms by cutting taxes for hard-working families and investing a record amount in Wisconsin’s K-12 classrooms.
The budget means some $8 billion in cumulative tax cuts under Gov. Walker’s leadership by the end of 2018, reduces property taxes, and even eliminates entirely the state property tax. Read more about the budget here and find excerpts below:
Gov. Scott Walker signs $76B Wisconsin budget with money for schools, fees for hybrids
Patrick Marley, Jason Stein, and Jen Zettel
Milwaukee Journal Sentinel
Sept. 21, 2017
NEENAH – Gov. Scott Walker on Thursday signed the two-year, $76 billion budget, providing $600 million more for K-12 schools, cutting property taxes, keeping a freeze on instate University of Wisconsin System tuition and doubling fees on hybrid drivers.
“This is a solid budget,” Walker said at a bill-signing ceremony at Tullar Elementary School in Neenah. “It’s going to put more money into schools than ever before and still help keep property taxes down.” …
The budget includes $639 million for K-12 education. Schools will see an additional $200 per student this school year; $204 on top of that the following year; and up to $125 for each ninth-grader to pay for laptops or other electronics.
The budget also expands taxpayer-funded vouchers for religious and other private schools to allow roughly 800 more students into those programs. …
Families that have incomes of up to 220% of the federal poverty level, or about $45,000 for a family of three, will qualify for the statewide voucher program outside of Milwaukee and Racine. That’s up from 185% of the poverty level currently.
The budget increases the number of students in the voucher program for children with special needs. The change drops rules limiting the program to students who attend a public school and were denied their request to attend a different public school.
Private schools receive $12,000 a year per student through that program. Under the budget, private schools will be able to claim up to $18,000 for the special needs students who cost the most to serve.
Under the budget, property taxes on the median value home worth $160,600 would remain flat this year at roughly $2,851 and then would drop $22 next year, according to the Legislature’s nonpartisan budget office.
The budget will also reduce property taxes on business machinery by $74 million and eliminate the state’s $8.5 million alternative minimum tax, which is mostly paid by upper-income taxpayers. …