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Evers signs budget

Governor Tony Evers put several fights to bed on Thursday when he signed 2021 Wisconsin Act 58, the 2021-2023 biennial budget. In signing the budget, one of the largest tax cuts in Wisconsin history has been made, which Evers says follows through on a 2018 campaign promise to cut taxes for middle-class families by ten percent. The governor signed a $2 billion individual income tax cut.  

 

Governor Evers also announced an additional $100 million in new funding for public schools to go with investments already in the biennial budget. The budget provides approximately $685 million in additional net general and categorical school aids, which pleased Evers as it will hit the two-thirds funding goal in the next biennium, which is the next two-year period. 

 

 

Governor Evers also pointed out $129 million being put toward broadband expansion and a $2.39 billion surplus to start the next fiscal year. Evers did veto parts of the bill rather than drop the entire bill and start over, saying he didn’t want to leave $2.3 billion in federal funds up to chance. The budget including the list of vetoes can be found here

 

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