Wisconsin
State of the State

- 2014 -

Welcome to Prosperity.Wi.Gov! Wisconsin is strong and getting stronger every day. Still, there is much work to be done.

In our Blueprint for Prosperity, we laid out a plan to return over $800 million to Wisconsin’s hard-working taxpayers through tax cuts and withholding changes and add more than $100 million to our state’s rainy day fund. As it has over the past few years, lowering the tax burden will contribute to a stronger economy and a better fiscal situation in the future. Check out our plan herecalculate your potential savings here – and then contact your legislators to voice your support for Governor Walker’s tax cuts.



CONTACT YOUR LEGISLATORS

Tax Savings Calculator

Enter your property value and income below to view what you'll save under our plan.

  • The married couple credit is calculated assuming yearly income is wages and it is split 60%/40% between the spouses.
  • Personal exemptions are one for single and four for married.
  • The itemized deduction credit is calculated assuming deductions are 15% of income.
  • The school property tax credit is calculated assuming property tax declines from 6.48% of income to 6.24% of income.
  • Filers are assumed to claim the school property tax credit, the married couple credit, and the itemized deduction credit if eligible.

Watch the 2014 State of the State

- BLUEPRINT FOR PROSPERITY -

More freedom and more opportunity for all of the people of Wisconsin.

Blueprint for Prosperity:

  • Wisconsin built a nearly $912 million surplus because of our bold reforms and prudent fiscal management.
  • Governor Walker wants to return a vast majority of this surplus to the hardworking taxpayers of Wisconsin. The taxpayers helped build this surplus and they should be able to keep more of their paychecks and more of their hard-earned money. Governor Walker also wants to make targeted investments in worker training and education to make sure Wisconsinites have the skills necessary to get the available jobs in our state.
  • Governor Walker’s Blueprint for Prosperity will:
    • Put more than $800 million back into the hands of the hard working taxpayers all across the state through property and income tax cuts and withholding changes.
    • Reduce property taxes by over $406 million—more than four times larger than the property tax relief we passed last year, and it is vitally important to protect working families, senior citizens, farmers and small businesses. The typical homeowner will see a reduction of $101 dollars on their next property tax bill compared to the previous year.
    • Reduce income taxes by nearly $100 million—all of which would go into reducing the lowest income tax bracket from 4.4 percent to 4.0 percent. If you are a family making $40,000, your savings will be about $58. No one will get a bigger savings than that.
    • Reduce withholding tax for state income taxes by $322.6 million—this will let Wisconsinites keep more of their hard-earned paychecks. It will put more money in the hands of consumers and will continue to stimulate the economy. A typical family of four will see about $58 more in their paychecks each month. By the end of this year, that's more than $520 dollars.
    • Put more than $100 million in the rainy day fund.
    • Increase the Wisconsin Fast Forward program by $35 million to focus on three new areas:
      • Support for dual enrollment programs between school districts and technical colleges that target high demand jobs;
      • Investment in our technical colleges to eliminate waiting list in high demand fields like manufacturing, agriculture, and Information Technology;
      • And support for programs helping people with disabilities enter the workforce.
  • Once passed, the total tax relief provided since Governor Walker took office will total roughly $2 billion.
  • In addition, Governor Walker announced a year-long initiative called the Year of a Better Bottom Line, which will focus on employment opportunities and worker training for people with disabilities.

- RESOURCES -

Below is additional information for programs referenced during the State of the State address.

- STATE OF THE STATE 2014 -

Read more about our priorities