Wisconsin Gov. Tony Evers, State Assembly Speaker Robin Vos, R-Rochester, and State Senate Majority Leader Devin LeMahieu, R-Oostburg, have reached a deal to support K-12 students, provide property tax relief and more.
Announced Monday, over $600 million will go to schools — including the largest ever increase to the state’s special education reimbursement rate— and $300 million for general school aid.
“Through the bipartisan investments we’re announcing today, the special education reimbursement rate will be 50% — double what it was when I first took office — in addition to approving more than $350 million in statewide property tax relief while eliminating income taxes on cash tips and overtime and helping working families afford rising costs from the grocery store to the gas pump,” Evers said in a statement.
Wisconsin had $4.6 billion in the state’s general fund last fiscal year, of which the funding will be pulled from. It also had $2 billion in the “rainy day” fund.
The bipartisan deal will go before the Legislature’s state budget committee, the Joint Finance Committee, on Tuesday, with the Assembly and Senate expected to take it up on Wednesday. Evers could sign the proposal as early as next week.
