Wealthier payers will also benefit from the cuts but must continue to pay higher rates on income that exceeds those limits.Įvers was unable to undo the $32 million cut to the University of Wisconsin, which was funding that Republicans said would have gone toward diversity, equity and inclusion - or DEI - programming and staff. The remaining $175 million in tax cuts over the next two years are directed to the lowest two tax rates, paid by households earning less than $36,840 a year or individuals who make less than $27,630. Republicans proposed tapping nearly half of the state’s projected $7 billion budget surplus to cut income taxes across the board and reduce the number of brackets from four to three.Įvers kept all four brackets.

“There are lots of wins here,” Evers said of the budget at a signing ceremony surrounded by Democratic lawmakers, local leaders, members of his Cabinet and others. Under his veto, unless it’s undone by a future Legislature and governor, Evers said schools will have “predictable long-term spending authority.” He also struck a hyphen and two numerals to increase how much revenue K-12 public schools can raise per student by $325 a year until 2425.Įvers, a former state education secretary and teacher, had proposed allowing revenue limits to increase with inflation. He reduced the GOP income tax cut from $3.5 billion to $175 million, and did away entirely with lower rates for the two highest earning brackets. Wisconsin governors have broad partial veto power and Evers got creative with his use of it in this budget, which is the third passed by a Republican Legislature that he’s signed. Tony Evers signed off on a two-year spending plan Wednesday after gutting a Republican tax cut and using his broad veto powers to increase school funding for centuries.Įvers angered Republicans with both moves, with some saying the Democratic governor was going back on deals he had made with them.

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