CREATED Oct. 15, 2013
MADISON-- Gov.Scott Walker is touting budget reforms that saved the state millions of dollars while creating a surplus of more than $759 million as reasons for the property tax cuts.
"I think that will help us as well as we go forward, not just for working families and senior citizens, but particularly for small business owners and farmers this is one more thing that provides them some relief that they can use to help improve their business and hire more people,” Gov. Walker said.
Despite the cut, taxes are projected to increase in two years on the typical home. But the taxes would still be lower than originally projected without the cuts.
The Brown County Taxpayer's Association supports the bill.
"I think providing relief is a good idea if the projections are good enough and the surplus strong enough it makes more sense to give that money back to the people," said BCTA Treasurer Tom Sladek.
A report by the nonpartisan Legislative Fiscal Bureau shows the bill could increase the state's budget shortfall in 2015 by more than 30 percent.
Critics say the cuts take away money that could be used for education.
The $100 million dollars will be funneled through state aid for public schools. The money would be used to give homeowners a break on their property taxes.