IRG Action Responds to Revised Tax Collection Projections

MADISON – Following news that the state is projected to collect $755 million less in tax revenues than previously expected, Chris Reader, Executive Vice President of IRG Action Fund released the following statement:

“The new revenue projections show that the state is still going to take in more than it needs. While the increase is 1% less of an increase than what was projected a few months ago, it is still an increase, and still leaves the state with a surplus of $6.9 billion on July 1.

“Meanwhile middle class families and small employers continue to be hit hard by high inflation and fears of the pending recession. There is a generational opportunity to rethink taxes and spending in Wisconsin.”