(Central Square) – A new report shows that Wisconsin will have an excess of $ 4.3 billion at the end of the fiscal year, more than nearly $ 4 billion, valued earlier.
The Legislative Fiscal Bureau in Wisconsin updates the numbers for the Tony Evers government, planned on February 18, the introduction of his budget biennial proposal.
The announcement caused several Republican legislators to encourage Evers to lower taxes instead of spending excess.
“If he follows with his previous budget bills, he will spend a $ 4 billion surplus surplus and then increase the cost and taxes for another $ 4 billion,” the Assembly Committee in ways and means a representative of President Jerry L. O’Connor , R-FOND DU LAC. “Instead of giving you a change in the purchase of state goods and services, the governor informs you that he has a better use for your change. He has a better place to spend your money without asking you what you would do. “
O’Connor compares a surplus to a customer who pays for an item of $ 18 in a $ 20 banknote store and expects $ 2 a change.
“You get a change in any other area of the exchanges, but this is not true of your Wisconsin income taxes,” O’Connor said.
Thehe New report It envisages the state to raise $ 894.3 million in the total tax collections for the Fund for three fiscal years, starting from the current year, over $ 891.3 million, forecast in Ratings for NovemberS
“What happens to these excess dollars?” O’Conor said. “Current costs must be adjusted for annual increases in the operation, so we must cover this. We then consider a reasonable consideration of the limited expansion or the introduction of new costs for expenses agreed by both the governor and the legislature. Balance must be returned to you, taxpayers. “
O’Connor added that the state should not provide a one -time tax reimbursement, but instead constantly reduce taxes for Wisconsin residents.