Gov. Scott Walker will address the fiscal shape of Wisconsin Wednesday when he delivers the 2014 State of the State address to legislators at the Capitol.
Walker is expected to propose significant income and property tax cuts as a result of a new report, issued by the Legislative Fiscal Bureau, which suggests Wisconsin’s revenue will be significantly higher than previously projected through 2015.
The LFB reported Wisconsin’s revenue had exceeded the prior calculation by over $900 million.
Walker said in a statement the income was a result of “tough” and “prudent” decisions. He also said the revenue should be returned to the taxpayers’ wallets.
“Wisconsin’s economy continues to grow and add jobs, and it’s more great news for the hardworking taxpayers,” Walker said in the statement.
The governor is also expected to use the address as a platform to kickstart his campaign for the 2014 gubernatorial election in November.
The 2014 State of the State address is scheduled for Jan. 22 at 7 p.m.
