Wednesday, June 9, 2021

Gov. Evers and Republican lawmakers at odds about how to spend $4.4B tax surplus

From TMJ4:

Posted at 5:16 PM, Jun 08, 2021
and last updated 6:33 PM, Jun 08, 2021

MADISON — A battle is already brewing on how Wisconsin should spend billions in unexpected tax revenue.

In a shocking announcement from the state’s nonpartisan Legislative Fiscal Bureau, taxes generated this year through 2023 are now believed to be $4.4 billion higher than estimates from January.

The additional yet unexpected tax revenue means lawmakers will have billions of more dollars to spend in the state’s next budget, which is still being ironed out. Gov. Tony Evers’ administration believes it should be invested in things like education and infrastructure, while Republicans are eyeing massive tax cuts across the board.

"The news is very good for Wisconsin, the news is very good about our come back,” said Department of Administration Secretary Joel Brennan.

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