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Gov. Walker hears from Democratic leaders about how to use budget surplus

MADISON, WI (WTAQ) - Democratic leaders asked Governor Scott Walker today to use the state's projected billion dollar surplus to reduce a future deficit and spend more on education and job training.  

Senate Minority Leader Chris Larson and Assembly Minority Leader Peter Barca met Tuesday with the Republican Walker -- but they did not say exactly what the governor has in mind.  

Walker is expected to unveil his proposal Wednesday night during his annual State of the State address to lawmakers. He has said he wants to use most of the surplus to cut both income and property taxes.  

Larson says Democrats are not against tax cuts -- as long as the state's essential obligations are taken care of first. That includes a $725 million shortfall that's predicted for the next state budget in 2015. The shortfall represents almost three-fourths of the projected surplus in the current state budget that runs until mid-2015.  

At least two Republican senators say they're open to using most of the surplus to eliminate the 2015 structural deficit -- and Walker might not have the votes to pass the type of tax cuts he wants.

(Story courtesy of Wheeler News Service)