Highlights of Gov. Evers' $91 billion state budget plan

By SCOTT BAUERFebruary 17, 2021 GMT
MADISON, Wis. (AP) — Highlights of Gov. Tony Evers’ state budget proposal submitted to the Legislature on Tuesday:
GENERAL BUDGET:
— The $91 billion state budget would increase state spending by 7.3% in the first year and 2% in the second. The budget runs from July through June 2023.
TAXES:
— Increases taxes in total by about $1 billion.
— Increase the percentage of the federal credit that poor working families with one dependent child may claim from 4% to 16%. It would increase from 11% to 25% for families with two children. Evers estimates that 200,000 tax filers would benefit for an average savings of $350 a year.
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— Limit the amount that manufacturers can claim for an existing tax credit to $300,000 a year. That will raise taxes on them by about $485 million over the next two years. Republicans oppose the idea and rejected it in Evers’ last budget.

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