WI Gov. Doyle Lays Out Budget Plans
Wisconsin Governor Jim Doyle made his bi-annual budget address, Tuessday, to a joint session of the Wisconsin legislature. Doyle laid out plans to tackle the state’s projected $5.7 billion deficit.
Doyle plans to spend over $62 billion over the next two years in an effort to revive the state’s economy. The Governor says he will spend the $2.1 billion the state is expecting from the federal stimulus package signed Tuesday by President Barack Obama, including $426 million for K-12 education.
Doyle also declared a tax increase on the wealthiest one percent of Wisconsinites. The Democratic Governor plans to raise this group’s taxes by $312 million over the next two years. State Republican leaders say the increase is going to hurt small local businesses.
Doyle further proposed raising the state cigarette tax $0.75 per pack.