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Burke says too soon to spend Wisconsin surplus

 
 Burke says too soon to spend Wisconsin surplus
Posted February 10th, 2014 @ 2:30pm by Associated Press

MILWAUKEE (AP) _ Democratic gubernatorial candidate Mary Burke is calling Republican Gov. Scott Walker's tax cut plan irresponsible.

 

 

 

Walker has proposed using about $500 million of the state's projected $977 million on income and property tax cuts. The Assembly is scheduled to vote on his plan Tuesday.

 

 

 

But Burke says it's too soon to be spending a projected surplus. She says last year was a good year for the stock market, but the first few weeks of this year haven't been as good. She says the stock market influences income tax collections and spending, which affects sales tax revenues.

 

 

 

Burke says that she would devote half of any projected surplus to paying down debt. Then she would divide the remainder between property tax credits and job training.

 

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