BURLINGTON, Wis (WSAU-Wheeler News) About 40 people looked on yesterday, as Governor Scott Walker signed a 100-million statewide cut in local property taxes. The Republican Walker told those gathering at Ralph and Mary Rice's farm near Burlington that he would cut property taxes every year he's in office. The average homeowner, with a property value of $148,000, will pay $31 less than he-or-she would have expected over the next two years.
The aid is being funneled through the state school aid formula, which means the richest areas will get the smallest tax relief, if any. The Wisconsin Taxpayers Alliance says people in almost one-fifth of the state's 424 school districts will no-or-little relief.
In Racine County, where the bill was signed, the average home will get between two-cents a year and just over $17. The tax cut was sped through the bill-making process in just 10 days during a special session. Republicans said taxpayers deserve to get back some of the state's $760-million surplus that was built up in the last budget period. They also said it's not necessarily true that the tax cut will add to a state deficit in 2015, because the projections do not take economic growth into account.
Democrats said the whole thing was a political gimmick to help Walker get re-elected in just over a year from now.