Wisconsin Tax Revenues Down

As expected...

The bulk of the shortage comes in two areas:

• Cigarette tax collections are now expected to be $92.3 million less than originally projected over the two years covered by the budget. Lawmakers raised the cigarette tax by 75 cents a pack last year, to $2.52; the tax boost fueled increased cigarette tax collections, but not as much as legislators expected.

• Minnesota’s departure from a tax reciprocity program will also mean a $91.8 million loss for Wisconsin.

Hmmmm…. they jacked up cigarette taxes and it didn’t result in the straight line increase they projected.  Gee, who could have predicted that?  

And the end of the tax reciprocity program is a direct result of Doyle’s incompetence in handling the issue. 

One year left of this clown, right?