Hamilton Political Tidbits – June 22, 2021

Full budget veto possible. Gov. Evers has publicly indicated that he may veto the budget in its entirety. In particular, the governor and his administration have criticized legislative leaders for refusing to accept federal money to expand Medicaid and for not providing enough funding for K-12 education.

Unprecedented state revenue estimates. Although legislative leaders had previously indicated a desire to include some kind of tax relief in the budget, they were bolstered by a memo released on June 8 by the Legislative Fiscal Bureau (LFB), a nonpartisan government agency. The memo projected that by June 30, 2023, state tax collections would be $4.4 billion more than previously estimated.

Repeal of the personal property tax. The Senate is quickly moving forward with a bill to repeal the personal property tax. The Senate Committee on Economic and Workforce Development scheduled the bill for a hearing and session on June 22.