MADISON, WI (WTAQ) - If the Assembly speaker has his way, Wisconsin home and business owners would pay less to their local technical colleges.
GOP Speaker Robin Vos tells the AP that the best way to offer property tax relief would be to, "buy down" the annual local tax levies for Wisconsin's 16 technical colleges.
Governor Scott Walker is promising a major tax relief package for both property and income taxes next week, when he delivers his annual State of the State address.
The tax relief would be paid for through a larger than expected increase in projected state tax revenues in the current budget period ending in June of 2015. Officials have not disclosed what the projected increase would be.
Vos said reducing the tech school levy is the fairest way to provide property tax relief statewide, since it would not create big winners and losers.
The tech schools added almost $800 million to local tax bills in the past fiscal year.
(Story courtesy of Wheeler News Service)