Scott Walker’s Tax Cuts Have Wisconsin In Fiscal Jeopardy
The shortfall now is $281 million, and it’s growing.
Wisconsin tax collections for the past year came in 2 percent short of estimates, the state Department of Revenue reported Thursday, news that won’t require immediate emergency action by the Legislature but that puts the state’s budget on track to be out of balance next year.
The figures show the state collected $281.2 million less for the fiscal year that ended in June than was anticipated by the nonpartisan Legislative Fiscal Bureau.
Gov. Scott Walker and the Republican-controlled Legislature have cut taxes by nearly $2 billion since Walker took office in 2011, including $500 million in March, a fact they’ve trumpeted on the campaign trail but that Democrats say has put the state’s budget in jeopardy
Jake at Kos points to deficits of $1.8 billion over the next two years based on projections by the Wisconsin Legislative Fiscal Bureau.
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ecotoper September 2nd, 2014 at 23:20
i’m not a big fan of the GOP, but Indiana did a very good job of stabilizing it’s economy, and Wisconsin tried to follow suit, but was a little too late. The horror stories in Rhode Island, Illinois, Michigan, etc were, to a large degree, the result of public unions wrecking havoc with five decades of unbridled, self serving greed. I am embarrassed to admit that the leaders of this assault on taxpayer resources are the members of my own generation … I really believed that we had higher morals than that.
tracey marie September 18th, 2014 at 23:15
you are gop, Unions are the reason for better working coinditions and help the middle class maintain their status.
ecotoper September 2nd, 2014 at 23:20
i’m not a big fan of the GOP, but Indiana did a very good job of stabilizing it’s economy, and Wisconsin tried to follow suit, but was a little too late. The horror stories in Rhode Island, Illinois, Michigan, etc were, to a large degree, the result of public unions wrecking havoc with five decades of unbridled, self serving greed. I am embarrassed to admit that the leaders of this assault on taxpayer resources are the members of my own generation … I really believed that we had higher morals than that.
tracey marie September 18th, 2014 at 23:15
you are gop, Unions are the reason for better working coinditions and help the middle class maintain their status.