While self-congratulating for an on-time budget is underway… most of us would be glad if they took their time on this one:
Maciver reports among almost 100 other things:
Local Property Tax Increase of $1.5 billion – State Government graciously agreed to increase the ceiling on your local governments’ ability to raise your property tax bill from 2% to 3%. On a median value home, it will result in a $90 increase in the first year and a $130 increase in the second year. How very considerate of them. Have you ever noticed that all levels of governments seem to work well together when they are trying to screw you, the taxpayer?
Rising Debt Levels – The State of Wisconsin will increase general obligation bonding by $3.3 billion and face a structural deficit of $2.3 billion heading into the next budget. Doesn’t the State of Wisconsin have a balanced budget requirement?
Specify that the current law requirement that revenues exceed expenditures in each fiscal year would not apply in 2010-11. There’s your answer. Even though state law requires the Legislature to pass a balanced budget, this provision conveniently allows them to ignore that requirement. Further proof that despite the spin and talking points, this budget is no where close to being fiscally balanced.
