On February 18th, Wisconsin Governor Tony Evers released his proposed 2025-27 State Budget, addressing key areas such as education, mental health, taxation, and Tax Increment Financing (TIF). The proposal includes a new tax bracket, targeted tax cuts, and other significant fiscal measures.
The proposal is now in the hands of the Joint Finance Committee. This committee will refine the proposal, incorporating additional recommendations before sending a version to the legislature for approval and, ultimately, to Governor Evers for signature by June 30th.
As with any state budget, substantial changes are expected. Advocacy groups, including the REALTORS®, will play a key role in shaping policies that support real estate and economic growth through hearings and outreach to legislators.
To learn more about CARW’s policy efforts or to get involved, contact Tracy at tracy@carw.com.
Review WRA draft of real estate-related proposals in Governor Evers’ budget HERE