He’s also planning to freeze property taxes as much as possible, but Walker is thinking about how to lower Wisconsin’s state income tax rates for upcoming years.
Walker didn’t discuss how much of an income-tax cut he was talking about, other than to say it would be “significant” and would be put in place over a number of years. That means some of the tax cuts wouldn’t take effect until 2016 or later – after the next budget ends in mid-2015.
And here’s the important bit (bolding mine)
For years, such long-term commitments created a massive structural deficit that made budgeting much more difficult for governors and lawmakers. Walker largely eliminated the structural deficit – the imbalance between expected revenue and expected expenses – in his first state budget and has repeatedly touted that.
As well he should tout that; between Scott Walker and the Republican-controlled legislature, Wisconsin’s showing/projecting a budget surplus for the first time in years. Good thing that that recall nonsense went nowhere, huh?
Via Legal Insurrection.