MADISON (WKOW) -- Governor Scott Walker announced Thursday afternoon he is calling a special session for this fall, where Republicans will introduce a bill he says will provide $100 million in property tax relief.
On the average $148,000 home, legislative fiscal bureau analysts says the proposal would save $13 this year, and $20 in 2014.
Gov. Walker says with the legislation, property taxes will be $680 less over four years, than they would have been, based on the four year, tax trend before he took office.
In the news conference to announce the legislation, Walker said legislative leaders came to him as they were putting together agendas for the fall and property tax relief was one thing they wanted.
Republicans say they want to call the special session for next week to make sure the tax break is on this year's bill.
Some democratic leaders question whether the modest tax savings will ultimately come at the expense of higher school costs.
Walker says the property tax cut is being funded from a $700 million state surplus.
"Given that there's so much variability in local property taxes anyway, for many people it won't be noticed," said Todd Berry, president of the nonpartisan Wisconsin Taxpayers Alliance.
Republicans were optimistic that Democrats would join them in quickly passing the proposal next week.
Republican Assembly Speaker Robin Vos said he hoped the bill would be introduced on Friday, with the budget committee taking it up on Tuesday, followed by legislative consideration on Thursday.
Walker said money to pay for the cut will come from higher than anticipated state tax collections. The money, split $40 million this year and $60 million next year, will flow through the school aid formula but not be available for schools to spend, forcing it to go toward lowering taxes, Walker said.
Democratic gubernatorial candidate, Madison School Board member Mary Burke, a former state Commerce Department secretary and Trek Bicycle Corp. executive, was asked about Walker's tax cut during a campaign stop in Green Bay."I'm all in favor of lower taxes and supporting our schools, but I'd have to make sure that it's doing that and it's doing it in a way that's fiscally responsible and balancing the budget," Burke said of Walker's plan.
(The Associated Press contributed to this report)
WKOW Channel 27 will have more on this proposal tonight in 27 News at 5 and 6.
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