Vouchers and income tax agreement reached
Photo: Video by nbc26.com
MADISON --After working late into the night, Wisconsin lawmakers reach an agreement on Governor Walker's proposed income tax cuts and the states' school voucher program.
Lawmakers decided to double Walker's income tax cut to nearly $700 million. The deal cuts income taxes in all five tax brackets.
The deal also expands the school voucher program statewide. The number of students would be capped at 500 for this upcoming school year, and one thousand students each year after that.
It also increases the amount of spending per student by $150, in each of the next two years.
The joint finance committee made another big decision to reject federal money to expand Medicaid The budget committee also approved a budget provision to freeze tuition for the next two years at UW schools.
Governor Walker visited the UW Green Bay campus, saying that a $648 million surplus in the UW system warranted less spending.
Most UW system schools have seen a 5.5% annual tuition increase in recent years.
Now, the budget needs to be approved by the Assembly and the Senate.