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Wis. Senate passes budget bill, Gov. says he'll sign it by June 30th


MADISON, WI (WTAQ) - The Wisconsin Senate has passed the state’s $66 billion budget plan which the Governor says he will sign by the end of the month.    

The budget bill was passed by the Republican controlled Senate 19-14 Thursday night.  The Assembly passed the bill during the early morning hours on Thursday along a party line vote. 

The biennial budget bill slashes $800 million in education spending, makes $500,000 in cuts to Medicaid, reduces tax credits by an estimate $56 million for lower income families, reduces corporate taxes by $46 million over the next two years, and limits property taxes increases from cities and schools.

The two year budget bill aims at eliminating a projected $3.6 billion budget shortfall for 2011-2013 that begins July 1st

Governor Scott Walker says he intends to sign the bill by June 30th

“I am proud of the work done by the Legislature, which passed a budget today that isn’t built on accounting gimmicks, use of one time money for ongoing expenses, or tax increases.” Walker said in a statement.   

Walker says he will take the next couple weeks to look over changes made by the legislature, but the bill is fairly in line with what he asked for at the beginning of the year.