MADISON (WKOW) -- Gov. Scott Walker is revealing more details about what his two-year state budget will look like, including the target size of an income tax cut and how aid to schools will be tied to performance.
Walker will release his budget next month. Following a speech at the Wisconsin Technology Council, the governor talked about what might be included.
Walker says it's reasonable to expect an income tax cut around $342 million. The cut would amount to about a $200 savings for each Wisconsin family, but details are still being worked out about how it would be applied to various income levels. That $342 million is how much the state is currently projected to have in a budget surplus.
The governor also discussed his plans to provide aid to schools based on performance. Walker says he hopes to make extra money available for both low and high performing schools based on how they do on the state's new report cards. In his plan, failing schools could get more money if they present a corrective action plan.
Walker says he'd like to expand charter and voucher school options, a move Democrats oppose because it takes money from public schools.
Another topic Walker discussed on Tuesday was options to increase money available for venture capital and investors. Walker says the challenge is finding the right mechanism and dollar amount that can find support in the Legislature, so he hopes to either include it in the state budget or pursue separate legislation.
Finally, the governor discussed his plans to develop a new way to measure the state's employment needs. Walker says the monthly unemployment data is not accurate enough. The report comes from a survey of about 3.5 percent of Wisconsin businesses. More accurate data comes out quarterly, based on a census of businesses.
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