Madison homeowners received some good news Thursday — a continued state budget impasse wouldn ‘t affect their property taxes as much as expected.
Figures released by the Madison School District show that a failure to pass a state budget for 2007-09 — and provide more aid for schools — could drive up property taxes by as much $12 on the average home. That ‘s just a fraction of an August estimate by Gov. Jim Doyle ‘s budget office that suggested property taxes from schools would rise by up to $48 on that same Madison home if the Legislature fails to pass a new two-year budget.
The state budget is now 110 days late.