Analysis: Schools will be forced to lower taxes
MADISON, Wis. (AP) — A new analysis says most of Wisconsin's 424 public school districts would be forced to lower their property taxes under Gov. Scott Walker's budget proposal.
The analysis by University of Madison-Wisconsin economic Andrew Reschovsky released Monday says 329 districts would be prevented from raising property taxes under Walker's budget plan and would actually be required to reduce property taxes to meet new revenue limits.
Walker's budget calls for an 8.4 percent cut in school aid and a 5.5 percent reduction in overall resources available to schools.
The Legislature's budget committee was expected to vote Thursday on the plan.
Schools have been urging the Republican-controlled Legislature to soften the blow, especially since the state's revenues are projected to increase $636 million more than expected when Walker released his budget.