Madison – Today union officials have repeatedly stated that the bills enacted by Governor Walker created our current fiscal crisis.
The truth is that the tax bills enacted by Governor Walker have a $0 impact on the current fiscal year. The State of Wisconsin was facing a $137 million budget shortfall in fiscal year 11 before passage of the bills, and it is facing a $137 million budget shortfall after enactment of the legislation. The tax breaks do not apply to this fiscal year.
The budget repair bill introduced by Governor Walker on Friday will fix Wisconsin’s $137 current fiscal year budget shortfall.