Fiscal Facts

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School tax levy increases continue for coming year

Amid a pandemic and global recession, school districts are increasing property taxes for the coming year by 3.3% — lower than last year’s 4.5% but still the second-highest percentage since 2010.

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State may face toughest budget challenge since 2011

Next year, Wisconsin Gov. Tony Evers and newly elected lawmakers likely will confront the state’s toughest budget challenge since 2011, Wisconsin Policy Forum reports in the latest installment of Fiscal Facts.

This difficult budget scenario, amid elevated unemployment, slowing state tax collections, and increased demand for social services created by the ongoing pandemic, projects general fund spending to exceed revenues by $373.1 million in the two-year budget running from July 2021 to June 2023 — a difference equal to about 1% of spending over the two years. However, that shortfall could grow considerably if the governor and lawmakers provide additional funds for other programs.

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