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MENOMONIE – On Wednesday, February 5, 2014, Governor Scott Walker traveled to Menomonie to address local officials and business leaders and present awards at the annual Menomonie Area Chamber of Commerce meeting.
“The Menomonie area is a beautiful part of the state, and my Blueprint for Prosperity means more of your tax dollars will stay here to fuel industries like tourism and agriculture,” Governor Walker said. “Our positive reforms are working and I believe more money should go back into the hands of the hard-working tax payers fostering our economic growth.”
Governor Walker announced his Blueprint for Prosperity plan during the 2014 State of the State address, following news of the state’s $911 million surplus, created by a strong economic recovery and long-term structural reforms yielding results. Private sector job growth from April to November was the best in nearly 20 years, and according to the Wisconsin Chamber of Commerce, 95 percent of Wisconsin job creators feel the state is “going in the right direction” to foster economic growth and job creation.
Blueprint for Prosperity:
• Cut property taxes by $406 million. The typical homeowner will see a reduction of $101 dollars on their next property tax bill over their previous tax bill.
• Cut income taxes by $98.6 million. Targeted to the lowest income tax bracket. Savings for a typical family of four making $40,000 will be $58. No one will get a bigger savings than that.
• Adjust withholding for state income taxes by $322.6 million, so you can keep more of your hard-earned paycheck. Beginning in April, a typical family of four will see $57.90 more in their paychecks each month
• Increase the Wisconsin Fast Forward program by $35 million to focus on three new areas:
1) Invest in technical colleges to eliminate waiting lists for high demand fields including manufacturing, agriculture, and Information Technology; 2) Help high school students get training in high demand jobs through dual enrollment programs between our high schools and technical colleges; 3) Support the Year of the Better Bottom Line initiative, which helps people with disabilities enter the workforce.
For more information on the Blueprint to Prosperity, go to Prosperity.WI.gov.