CHICAGO — Warning that the state faces spending cuts to compensate for sagging revenues, Wisconsin Gov. Jim Doyle in his state of the state address this week proposed a series of tax breaks and a health insurance pool for small businesses to help spur the local economy.
Doyle warned that despite conservative revenue estimates used to craft the current budget, revenues are falling behind because of the economic slowdown. “Make no mistake: challenging days are ahead,” Doyle said. “We will have to delay some of the things we all agreed on. We will have to make deep cuts and hard sacrifices.”