CHICAGO – Wisconsin Gov. Scott Walker signed into law a $68 billion, two-year budget Sunday that authorizes $2 billion in new general obligation and revenue-backed borrowing and permits up to $2 billion of general obligation bond refunding debt.

The budget cuts income taxes by $650 million, allocates an additional $322 million in school aid, caps tuition at the University of Wisconsin system, and limits property tax increases. Aid to local governments would increase less than 1% after several years of deep cuts.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.