At Technology Council address, Walker talks budget, income tax cut, school funding, venture capital options

By: AP Email
By: AP Email

MADISON, Wis. (AP) -- Gov. Scott Walker is revealing more details about what his two-year spending plan for the state will look like, including the target size of an income tax cut and how aid to schools will be tied to performance.

Walker will release his budget next month but he still hasn't announced the exact date. He spoke about some elements of it during a Tuesday speech to the Wisconsin Technology Council and with reporters afterward.

Walker has repeatedly said he will include an income tax cut. Now he says that will be around $340 million over the two-year period, which may equate to about $200 for the average Wisconsin family.

He also says the state's highest and lowest performing schools will be eligible for incentive payments. Walker didn't say how much.
---------------------
MADISON, Wis. (AP) -- Gov. Scott Walker says it's reasonable to expect an income tax cut he plans to propose in the state budget will be around $342 million.

Walker says how much that level of cut would mean to taxpayers is still being worked out. He made his comments Tuesday following a speech at the Wisconsin Technology Council.

Walker says the tax cut would come out to about a $200 savings per family, but details were still being worked out as to how it would be applied to various income levels.

The $342 million Walker is eying for the income tax cut is how much money the state is currently projected to have in a budget surplus.

Walker is expected to release his budget next month.
-------------------
MADISON, Wis. (AP) -- Gov. Scott Walker is shedding more light on his plans for tying aid to schools based on performance.

Walker said Tuesday during a speech at the Wisconsin Technology Council that he envisions making extra money available for both low and high performing schools based on how they do on new state report cards.

Walker says high performing schools or those showing rapid improvement could be eligible for more money. He says failing schools could get more money one time if they present a corrective action plan.

He says the goal is to "reward and replicate success."

Walker also wants to expand charter and voucher school options, a move Democrats oppose because it takes money from public schools.
---------------------
MADISON, Wis. (AP) -- Gov. Scott Walker says he is exploring options to increase money available for venture capital and investors either by including it in his state budget or pursuing separate legislation.

Walker spoke about it at a Tuesday meeting of the Wisconsin Technology Council, an advisory board with members from tech companies, venture capital firms, the University of Wisconsin, state government and elsewhere.

Walker says the challenge is finding the right mechanism and dollar amount that can find support in the Legislature. Walker says he understands that the state must create a venture capital fund to help startup companies grow and expand.

He encourages members of the council to explain to lawmakers how venture capital would spur business growth statewide and not just in Madison and Milwaukee.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
WEAU 13 NEWS 1907 S. Hastings Way Eau Claire, WI 54701 By Phone: Main Number (715) 835-1313 and (715) 832-3474. Tip Line (715) 839-WEAU - (715) 839-9328 Sports Line (715) 852-1537
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 187964191 - weau.com/a?a=187964191