La Crosse Area Chamber of Commerce Executive Director Vicki Markussen attended a session held, graciously, at Kwik Trip in La Crosse in which the Wisconsin Manufacturers and Commerce presented their Legislative Agenda post Governor Ever’s presentation of his 2019-2021 budget.
Among their highlights and in some cases, concerns:
- The budget increases spending by 8%, representing $1.6 bil in new taxes.
- The predominant area of increase is in K-12 education and the expansion of Medicaid to reduce the individuals still not covered.
How the budget is funded (Taxes)
- Individual* 55% 55%
- Sales Tax 34% 34%
- Corporate* 7% 7%
* Only about 10% of businesses pay corporate tax. The remaining, because of their tax structure, pay through individual tax filings (i.e. 90% of business taxes are paid through individual taxes, not corporate)
Where the Funds Are Going (Tax Appropriation)
|$7.3 billion||School Aids||$1.6 bil|
|$3.3 bil||Medicaid Expansion||$300 mil|
|$1.2 bil||Corrections||$152 mil|
|$1.1 bil||School Levy|
|$1.1 bil||UW System||$177 mil|
|$849 mil||Shared Revenue (with counties, municipalities)||$280 mil|
|$531 mil||Technical Colleges|