According to the governor’s office, new spending under the state budget deal will include:
- Nearly a $1.4 billion boost in spendable revenue for K-12 schools, which includes raising the special education reimbursement rate for schools to 42 percent.
- Direct payments of $110 million for child care providers, along with more than $123 million aimed at reducing parents’ out-of-pocket expenses through the Wisconsin Shares child care subsidy program.
- $256 million in new spending on the Universities of Wisconsin, which includes a $100 million campus stabilization fund and more than $94 million to increase wages for UW employees.
- $840 million for UW building projects, which include upgrades to Science Hall at UW-Madison, a renovation of the Health Sciences and Northwest Quadrant complex at UW-Milwaukee, and a library demolition project at UW-Oshkosh.
- $150 million in new spending for the state’s Agricultural Roads Improvement Program.
- The elimination of a sales tax on household utility bills.
Earmark Transparency Report.
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Meanwhile, federal taxpayer news:
New voucher provisions in the OBBB vote tonight include:
Feds and states can regulate private schools who participate and the SGOs that manage them.
Unlimited amount of funding for this- no $4b cap on total contributions. Could cost much more (see IRA tax credits)
More.
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From the 2024 Financial Report of the United States[1] comes the understatement of the century:
The total resources needed for all the programs sums to $175.3 trillion in PV terms. This need can be satisfied only through increased borrowing, higher taxes, reduced program spending, or some combination.
Translation: the average American’s assets are the government’s collateral[2,3]. Because US citizens have freedom of speech, and the right to bear arms, but no amendment that establishes a max tax. As such, their assets will be seized to pay for their profligate state.
