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State Dems accuse Republicans of overstating impact of property tax cut plan

MADISON, WI (WTAQ) - Democrats accuse Republicans of overstating the economic impact of a $100 million property tax cut which the GOP proposed Thursday.

It's expected to speed through a special session of both houses next week.

The non-partisan Legislative Fiscal Bureau said the average homeowner would get an extra $13 next year, and $20 more in 2015 while still paying a higher tax bill.

The Republican Walker and his party's legislative leaders said they want to return a current surplus of tax collections to the people who paid them in the first place.

Assembly Speaker Robin Vos said it would boost the economy -- but Assembly Democratic Leader Peter Barca said many homeowners would not get the benefit. That's because the tax relief would be funneled through public schools -- and the state school aid formula means that some districts would get higher than average tax relief, while others get none.

The fine print of the tax cut proposal will come out in a bill to be submitted Friday.

The Joint Finance Committee will take public comments on Tuesday before the Assembly takes the Legislature's first vote on the measure next Thursday.