MADISON, Wis. (WSAU) - Governor Scott Walker is expected to sign the 100-million dollar property tax relief bill into law as early as Friday. The State Senate passed it early in the week, and the Assembly approved it Thursday afternoon with an 82-12 margin. The Assembly’s 56 Republicans were joined by 26 Democrats in supporting the bill. Ten Senate Democrats also supported the Governor’s plan.
The exact amount of the cut will vary, but the average homeowner will see their property tax drop $13 this year and $20 next year.
Some Democrats are critical of this plan. Democratic Assembly Minority Leader Peter Barca proposed a different property tax cut plan he claims would be better for the middle class. Republicans rejected Barca’s plan.
In central Wisconsin, Marshfield Representative John Spiros supports the tax cut, saying, “People in Marshfield and across the state repeatedly tell me that their taxes are just too high. This property tax cut is part of $1.5 billion in tax relief that we’ve been able to bring to our friends and neighbors.”
Spiros says taxpayers in Marshfield will see over $200,000 in relief, and Mosinee will see about $97,000. “$100 million is a lot of money. This is real relief for families who need it.”
Along with the property tax cut, Republicans passed several other bills during the Special Session. Bills increasing Historic Preservation Tax Credits, funding for helping developmentally disabled Wisconsinites get in the work force, and another that promote private sector economic development.
State Assembly Speaker Robin Vos takes issue with the idea that the proposed 100-million-dollar property tax cut would bite taxpayers after next fall's elections. The non-partisan Legislative Fiscal Bureau said the tax cut and other new job creation measures would raise the deficit in the next budget by 33-percent, to around 725-million dollars. Vos said the numbers did not include possible increases in future tax revenues due to economic growth. And therefore Vos said the Fiscal Bureau estimate is quote, "only half of the equation."