Two years ago Wisconsin had a $3.6 billion budget deficit and had lost nearly 150,000 jobs in the previous three years. Wisconsin was on its back. Two years later under Governor Scott Walker's leadership, Wisconsin is back on its feet. Although getting our fiscal situation in order was not easy, the state is now projecting a budget surplus of more than $480 million. This is a remarkable budget turnaround in the midst of a federal government whose dangerously high debt threatens the solvency of our nation.
The budget surplus will help the state reduce taxes and help improve the economic climate. Walker and Republican legislators plan to reduce income taxes on Wisconsin's hard-working middle class. These tax reductions will come on top of decreasing property taxes. By letting Wisconsinites keep more of their own money, our economy will continue to grow and produce the jobs we need.
Wisconsin's budget surplus will also enable long-term transportation and infrastructure projects that Walker has prioritized. Finally, Wisconsin tax dollars will go to investing in Wisconsin's future instead of balancing the bloated budgets of previous administrations.