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Study: Changes made to budget to result in half-billion dollar deficit going into next 2-year spending plan

Jun. 12, 2013
 
GPG Walker_Budget
A new study estimates changes Republican lawmakers made to Gov. Scott Walker's executive budget will result in a half-billion dollar deficit going into the next two-year spending plan. / Gannett Wisconsin Media, file

MADISON — A new study estimates changes Republican lawmakers made to Gov. Scott Walkerís executive budget will result in a half-billion dollar deficit going into the next two-year spending plan.

The Wisconsin State Journal reports http://bit.ly/10bXMkq a nonpartisan Legislative Fiscal Bureauís analysis of the 2013-2015 budget the Legislatureís finance committee last week would leave the state with a $505 million shortfall in the 2015-2017 biennium.

The committee nearly doubled a Walker income tax cut, increased public school aid and transportation spending, added spending on school vouchers and created a private school tuition tax deduction.

The fiscal bureauís report also says property taxes on an average $154,800 home would increase $58 over the next two years compared with $19 in Walkerís original budget.

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