This two-page brief analyzes the effects of not adjusting the credit for inflation between 1990 until 2010. For many years, the Homestead Credit was the only significant part of the state tax code that wasn’t annually indexed for inflation. That was remedied by the last biennial budget bill, but Governor Walker’s proposed budget would repeal indexing
Our Take: The Wisconsin 2023-25 Biennial Budget
We appreciate Governor Evers being a stop gap for some of the most egregious proposals from the Republican-controlled Joint Finance Committee (JFC). But, if we want to actually address Wisconsin’s racial disparities, we have a lot more work to do.