Wisconsin state tax collections over the next three years are projected to come in more than three-quarters of a billion dollars lower than expected, according to a new report from the Legislative Fiscal Bureau.Â
Republican lawmakers say the revised projections further underscore their efforts to remake a more fiscally responsible biennial budget out of Democrat Governor Tony Evers’ big-spending proposal.Â
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The Legislature’s Joint Finance Committee this week jettisoned 545 of liberal Governor Tony Evers’ budget proposals, packed with higher taxes on businesses and individuals and growing government initiatives.
Wisconsin Manufacturers & Commerce, the state’s largest business advocate, is applauding the Republican-controlled budget-writing committee for trimming Evers’ bigger government budget plan.Â
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Wisconsin’s record budget surplus is growing once again.
The Legislative Fiscal Bureau on Wednesday said the surplus will now hit $7.1 billion by July.
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The Republicans who will write Wisconsin’s next state budget say Gov. Tony Evers shouldn’t get excited about the latest surplus numbers.
The Department of Administration on Monday said Wisconsin’s budget surplus could top $6.6 billion by the time the current state budget ends in June.
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There will be more questions from lawmakers in Madison as to just what happened before and during last year’s election.
Senate Majority Leader Devin LeMahieu on Monday announced that the State Senate is launching its own investigation into the 2020 election.
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