• Home
  • News
    • Politics / Govt
    • Legislature
    • Crime / Courts
    • Health / Medicine
    • Archives
  • Sports
    • Badgers
    • Packers
      • Titletown Report
    • Brewers
  • Contact Us
    • Reporters
  • Affiliates
    • Affiliate Support

Wisconsin Radio Network

Wisconsin News and Sports

You are here: Home / News / Illinois budget will cost Wisconsin $51 million

Illinois budget will cost Wisconsin $51 million

July 11, 2017 By Andrew Beckett

Tax increases passed by Illinois lawmakers to resolve the state’s three-year budget stalemate will end up costing Wisconsin about $51 million over the next two years.

A memo released by Wisconsin’s non-partisan Legislative Fiscal Bureau says that’s because of the effect those increases will have on income tax reciprocity agreements between the two states. Under the changes, the state will owe more money to Illinois when those payments are due – while Wisconsin residents who pay taxes in Illinois will also be able to claim larger credits in Wisconsin.

State Republican leaders expressed confidence that some of that money will be regained in the coming years, as people and businesses move across the border into Wisconsin to avoid tax hikes in Illinois. “It took the state of Illinois three years to pass a budget and they still got it wrong,” said Joint Finance Committee co-chair John Nygren (R-Marinette) and Alberta Darling (R-River Hills) in a statement. “We welcome Illinois taxpayers and businesses who are ready to flee the 32% tax hike passed by their state legislature.”

The report comes as Wisconsin lawmakers are trying to resolve the state’s own stalemate, which has caused the state budget to be more than a week overdue.

Share this:

  • Facebook
  • Twitter

Filed Under: News



Featured Stories

Wisconsin veterans cheer passage of PACT Act

Lasry leaves U.S. Senate race and endorses Barnes

Trump will host Waukesha campaign rally for Tim Michels

U.S. House passes Respect for Marriage Act

Former UW Chancellor Blank’s cancer diagnosis means she will not take Northwestern job

TwitterFacebook

Sports Headlines

Giannis breaks franchise scoring record, Bucks beat Nets in OT

Wisconsin’s Davis declares for NBA Draft

Badgers to face Arizona State in Las Vegas Bowl

Williams likely out for the season with broken hand

Packers releasing TE Jace Sternberger

More Sports

Tweets by @WRN

Get our news delivered to your inbox:

Enter your email address:

Delivered by FeedBurner

Copyright © 2022 · Learfield News & Ag, LLC

 

Loading Comments...