Wisconsin's individual income-tax collections popped an impressive +10% from FY '09 to FY '10 in June. Even so, individual income taxes are down 2.2% year/year, or about $125 million less.
However, the metric which tells you the most is the Sales Tax.
THAT is still off by 3.9% year/year.
Doesn't sound like much until you notice that 3.9% is one hundred forty MILLION dollars.
The corporate income tax is up by 26.9%, which may reflect the change in State law regarding reporting-basis of income.
All told, Wisconsin managed to clamber back to "even" with '09 collections, squeezing $11.1 BILLION out of its residents.
About time that we add new spending obligations--like a ChooChoo that nobody will ride!!
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