According to a June 9th Legislative Fiscal Bureau memo prepared for Senator Mark Miller, the combined cost of the tax cuts in the biennial budget bill and in other bills already enacted this year will be $212 million in the 2011-13 budget period. The annual cost of many of those credits will grow significantly in future years, and the cumulative fiscal impact over the next ten years is projected to be $2.3 billion.
Read more in a new Wisconsin Budget Project Blog post.
Jon Peacock