Evers Budget to Include Shared Revenue Increase, Allow Local Sales Tax Hikes
Wednesday, February 8th, 2023 -- 3:00 PM
(Bob Hague, WRN) Governor Tony Evers reveals what he’ll propose to help local governments with their budget challenges.
Evers’ budget will call for dedicating 20 percent of future state tax collections to increase shared revenue by more than $576 million, and allow local governments to levy higher sales taxes.
Milwaukee County would be allowed to add an additional 1 percent sales tax to its current 0.5 percent tax with the new revenue split between the county and the city.
If local voters approve, other counties would be allowed to double local sales taxes to 1 percent, and 25 cities with populations of more than 30,000 would be able to impose a new 0.5 percent sales tax. Evers will deliver his budget address next Wednesday (February 15) at the Capitol.
Feel free to contact us with questions and/or comments.