MADISON, Wis. (WRN) — The state budget includes $1.3 billion in tax cuts.
The tax cuts were a signature part of the budget compromise between Democratic Governor Tony Evers and Republican leaders in the legislature.
The state’s second-lowest tax bracket is expanded to include single filers and heads of household earning up to $50,480 and jointly filing married couples earning up to $67,300.
Evers signed the budget early last Thursday morning following a marathon legislative session. His office estimates state taxpayers will see an average savings of $180, with most of the reductions going to filers with incomes of less than $20,000.