Governor signs tax cut bill at Cecil farm

By: AP Email
By: AP Email

MADISON, Wis. (AP) -- Gov. Scott Walker has signed his tax cut bill into law at a farm in Shawano County.

Walker signed the legislation Monday at Horsens Homestead Farms in Cecil.

The bill devotes a large chunk of the state's $977 million surplus to property and income tax cuts. It sends $406 million to technical colleges to reduce their property tax hit and cuts income taxes by nearly $99 million.

For taxpayers, the measure amounts to a $131 reduction on a median-valued home's tax bill this December and saves the average worker $46 in annual income taxes.

Democrats criticized the bill as an election year gimmick. Walker faces re-election in November.


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