Quantcast
Home / Government / Highlights of Gov. Evers’ $91 billion state budget plan

Highlights of Gov. Evers’ $91 billion state budget plan

By SCOTT BAUER
Associated Press

MADISON, Wis. (AP) — Highlights of Gov. Tony Evers’ state budget proposal submitted to the Legislature on Tuesday:

GENERAL BUDGET:
— The $91 billion state budget would increase state spending by 7.3% in the first year and 2% in the second. The budget runs from July through June 2023.

TAXES:
— Increases taxes in total by about $1 billion.
— Increase the percentage of the federal credit that poor working families with one dependent child may claim from 4% to 16%. It would increase from 11% to 25% for families with two children. Evers estimates that 200,000 tax filers would benefit for an average savings of $350 a year.
— Limit the amount that manufacturers can claim for an existing tax credit to $300,000 a year. That will raise taxes on them by about $485 million over the next two years. Republicans oppose the idea and rejected it in Evers’ last budget.
— Eliminate the 30% percent long-term capital gains exclusion for single filers earning more than $400,000 and joint filers earning more than $533,000. The move will increase taxes by about $350 million.
— Raise taxes roughly $540 million to conform with federal law.

TRANSPORTATION:
— No gas tax or vehicle registration fee increases.
— $566 million in federal and state money to the major highway program.
— $40 million in bonding to start the oft-delayed Interstate 94 expansion project in Milwaukee County.

ECONOMIC DEVELOPMENT:
— $200 million for small businesses recovering from the pandemic to retain or rehire former employees.
— $100 million venture capital program to spur economic growth through entrepreneurship.

LABOR:
— Allow front-line workers to have collective bargaining rights, a partial repeal of the Act 10 law passed in 2011. The annual recertification requirement for state and local government bargaining units, as well as the provision that approval by a majority of bargaining unit members is required to certify, would be repealed.
— Increase the minimum wage to $8.60 immediately, $9.40 in 2023, $10.15 in 2024 and increase it annually based on the consumer price index going forward. Increase the minimum wage for state workers to $15 an hour and create a commission to study such an increase for all workers.
— Reinstate prevailing wage requirements for workers on state and local public works projects.
— Repeal the right to work law that prohibits employers from only hiring unionized workers.
— Simplify the state’s unemployment insurance law and increase weekly benefits from $370 to $409 and eliminate a one-week waiting period for benefits.
— $79.5 million to modernize the state’s unemployment insurance systems, which were overwhelmed last year with the high number of claims filed when the pandemic hit.

VAPING AND MARIJUANA:
— Legalize recreational and medical marijuana.
— Increase the age to purchase tobacco and vaping products from 18 to 21, prohibit the use of a vapor product indoors or on school grounds.

EQUITY
— Establish a diversity, equity and inclusion program to promote equity in all programs. Create a chief equity officer and 18 equity officers across state government.
— Reinstate domestic partnership benefits for all state and local government employee insurance programs administered by the Department of Employee Trust Funds.
— Make reference to marriages in law gender neutral.
— Specify that employers can’t discriminate based on gender identity.

Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

One comment

  1. So, lots of regressive taxes on the poor and middle class, no help for employers and a bunch of SJW nonsense. Giveaways for teachers who aren’t teaching and unions who aren’t needed. What a moron Evers is. We go in (R)evers(E) with Evers.

Leave a Reply

Your email address will not be published. Required fields are marked *

*