Browsing: Budget Analysis

Wisconsin can — and we think has to — do a lot more to compete with our neighbors. That’s where competition has to take place and with much of the rest of America. Or, watch our children and our neighbors move to states with more jobs and better wages, more opportunity and more prosperity. And those who are left behind at all levels are going to have fewer jobs, less opportunity, and more of the tax burden. People who are left behind are going to bear more of the tax burden. So, to us, the choice would seem clear.

The Badger Institute published new research by a nationally noted economist finding that a single-rate reform of Wisconsin’s individual income tax would yield substantial benefits to everyone in the state by spurring faster economic growth, more job options and more investment.

Estimates show moving to a flat individual income tax in Wisconsin could generate nearly $7.2 billion in additional GDP, $614 million in new investment, and nearly 24,000 additional jobs over the next five years.

Let’s forget about economic pie-growing for a minute (just a minute) as our legislators start to debate tax reform in…

Wisconsin Gov. Tony Evers has added the $500 million to his 2023-25 budget to address a “burgeoning crisis” in mental and behavioral health, particularly among Wisconsin children, created by the impact of the pandemic. In his State of the State address, he declared 2023 the Year of Mental Health.

Wisconsin Senate Majority Leader Devin LeMahieu has introduced a plan to transition over four years to a flat 3.25% individual income tax from the current four-bracket structure with a top rate of 7.65%.

He discussed the plan in this office in the Capitol Wednesday with Badger Institute President Mike Nichols in this week’s edition of the Institute’s Free Exchange podcast.

This study points out that Healthy Wisconsin is not so much a solution to the problem as it is the creator of even bigger problems that will dwarf the current crisis we have in health care.

As Wisconsin’s debt load continues to grow, the tax burden for Wisconsin families and businesses will grow right along with it

The future impact in Wisconsin

In state capitols across the country governors and legislatures have been forced to put all of their energy into solving enormous fiscal shortfalls. Given their dependence on income tax and sales tax revenues, the 2001 recession hit state governments particularly hard. In 2003, no fewer than 39 states, including Wisconsin, experienced budget gaps. During the

In 2002, state and local government spending in Wisconsin was 7.7% above the national average while our income level was 2.8% below the national average

A critical examination

Wisconsin state government is facing the most significant financial challenge in its history. The state budget is out of balance by $3.2 billion. The irony here is that the crisis comes close on the heels of the 1990s, when state government seemed able to do anything. That was the era of elevated spending, new programs,

The answer for Milwaukee governance

No issue in Wisconsin government has grown faster in the last decade than special education. It has accelerated to a $1 billion per year educational program with little accountability

An examination of potential cost savings