Expanded plan by Governor Evers aims to help working families with tax cuts offset by massive budget surplus
Governor Tony Evers announced a new plan on August 23 to provide support to working families and address rising costs due to national inflation. The governor’s announcement comes in anticipation of new revenue projections, set to be released by the Wisconsin Department of Revenue (DOR), which are expected to far exceed estimates from the beginning of the year. Wisconsin will end the fiscal year with more than $5 billion in state coffers, including having the highest-ever positive GAAP balance in state history of $1.2 billion for the 2021 fiscal year, and the state’s “rainy day” fund at the highest...
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