New Wisconsin revenue estimates coming Thursday
MADISON, Wis. (AP) – Updated budget figures for Wisconsin expected to show a surplus nearing $1 billion are on the way. Policy makers are anxiously awaiting the figures due to be released Thursday by the nonpartisan Legislative Fiscal Bureau. Gov. Scott Walker plans to announce his plans for the surplus during his State of the State speech on Jan. 22. But his spokeswoman says the governor is eyeing property and income tax cuts. News of the surplus comes as Walker and Republicans who control the Legislature are preparing to stand for re-election in November. Democrats are already raising concerns about Walker’s plan to cut taxes, saying he instead should be focused on finding ways to create jobs. The Legislature last year cut income taxes by $650 million and property taxes by $100 million.
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