Joint Finance Committee Concluded its Work on the 2025-2026 Budget
Today, the 16-member Joint Committee on Finance concluded its work on the 2025-2026 Budget. After working with the Governor and Democratic legislative leaders to reach a bi-partisan deal on key issues like a tax cut, the Universities of Wisconsin, childcare, and K-12 education, the Committee finished its work with an agenda that included a 13-3 (Democratic Sen. LaTonya Johnson voting with the 12 Republican Committee members) passage of the omnibus motion for the University of Wisconsin System, Building Commission, Department of Children and Families, Department of Health Services, Department of Transportation, Building Program, Compensation Reserves, Program Supplements, and Child Abuse and Neglect Prevention Board. The budget totals $111.1 billion and includes an additional $1.4 billion in new spending.
At 5:00 AM this morning, Gov. Tony Evers, Republican legislative leaders and Senate Democratic leader Dianne Hesselbein announced a budget compromise that significantly boosts funding for K-12 education, childcare, and the Universities of Wisconsin while enacting $1.5 billion in tax savings.
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