Budget update: Committee democrats release final version - WKOW 27: Madison, WI Breaking News, Weather and Sports

Budget update: Committee democrats release final version


UPDATE (WKOW) --  After more than twelve hours behind closed doors, Senate and Assembly democrats released their final version of the budget to the public.

The conference committee met at 8:30 Thursday night-- they were scheduled to meet at 8 am to take up the differences between the assembly and senate.

Major resolutions include: no new tax on oil companies, and no driver's card for illegal immigrants.

Also, there's an agreement on a capital gains tax: that is now 30 percent.

Some of the items the Assembly and the Senate are in agreement on: they both agree on taxing families who make over 300-thousand dollars a year, a cigarette tax as well as a new fee on phone lines.

After the conference committee meets tonight, the senate is scheduled to vote on this final version of the budget.

The assembly will not meet tonight. They should meet either late Friday night or Saturday.


Update (WKOW) --- The Senate has yet to see the budget. The assembly will not meet tonight but plans on meeting Friday in hopes they will have the budget in their hands by then.


MADISON (WKOW) -- State Democrats are expected to make public sometime Thursday the details of an agreement on the state budget reached in secret after meetings Wednesday night.

A bipartisan conference committee was expected to vote on the plan in the morning before it heads to the full Senate in the afternoon.

The committee met for the first time Wednesday night, but Democrats refused to let Republicans offer any changes to the budget.

The committee's goal is to work out differences in the budgets approved by the Assembly and the Senate earlier this month.

Republican lawmakers are critical of their Democratic counterparts and say they have been meeting in secret for a week to reach this deal.

Democrats counter by saying the process is open.


MADISON (WKOW) -- Democrats say they are ready to announce a deal to plug Wisconsin's $6.6 billion budget shortfall, but then they delayed the announcement for hours.

The bipartisan committee taking up the budget compromise was supposed to meet at 8 a.m., but six hours later it still had yet to convene.  A spokesperson for Democratic Senate Majority Leader Russ Decker, says a bipartisan committee of lawmakers will take up the plan soon.

Decker spokeswoman Carrie Lynch is confident the committee will finish in time for the Senate to take up the budget later Thursday.

If that happens, the Assembly could vote on the budget by Friday.

The conference committee is expected to reach a compromise since the $62 billion budget that passed both the Senate and Assembly had major differences. An identical budget must pass both chambers before it can head to Gov. Jim Doyle.

The new budget must be signed by 1 July in order to receive federal incentive money.


MADISON (WKOW) -- The budget conference committee says it will begin its meeting at 8:30 p.m. The committee is expected to vote on a deal to resolve the major issues, including whether to tax oil companies and raise taxes on capital gains, that are blocking passage of the state's $62 billion budget.

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