Legislature’s Response This Week to New Data on W-2 Growth May Answer that QuestionI’ve said on a few occasions that the fiscal plan being considered in the legislature this week is a “Robin Hood in Reverse” budget. Just how true that is will be decided this week, as legislators debate the budget bill and consider new figures that...
Tax and Budget
The state budget and the taxes that help finance it have a huge impact on children and families. The budget provides most of the funding for vital government services, such as education, health care, transportation, child welfare and other safety net programs.
For more detailed analysis, visit the Wisconsin Budget Project website.
New Hampshire Court Strikes Down Tax Credits for Religious Schools
A New Hampshire Court ruling issued Monday struck down as unconstitutional the provisions of the state’s voucher tax credit law that fund religious schools. The decision by the Strafford County Superior Court declared that those portions of the program will have to be halted immediately. However, the tax credit/voucher program will...
Ten Worst Changes in the Budget for Children and Families
Department of Children and Families budget Siphoning off federal funds for low-income families – The budget transfers almost $19 million per year more to the Dept. of Revenue from the Temporary Assistance to Needy Families (TANF) block grant, to supplant state funding for the Earned Income Tax Credit (EITC). This siphons off funding...
Tax Cut Not Likely to Create Jobs, but Could Hurt Wisconsin’s Education System
The Legislature’s budget committee passed an income tax cut this week that could hurt Wisconsin’s ability to support a high-quality public education system, while doing very little to create jobs. The proposed tax cut would take resources away from public services – like our neighborhood schools – that are crucial to building the...
Budget’s Non-fiscal Policy Explosion Cataloged by Fiscal Bureau
Finance Committee Approves 35 of Governor’s Non-fiscal Proposals and Adds 59 More A document released Tuesday by the Legislative Fiscal Bureau (LFB) provides a comprehensive list of non-fiscal policy measures included in the biennial budget bill. Legislators frequently condemn the practice of putting non-fiscal policy into this bill...
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