Assistant district attorneys and public defenders would receive a $36 starting hourly wage under a Republican plan approved by the Legislature’s budget committee Tuesday, $1 more per hour than the minimum wage for state lawyers Democratic Gov. Tony Evers proposed.
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US Adds 253,000 Jobs , in April. The added jobs exceeded analysts' expectations of 180,000 for the month, reports 'The Hill.'. The unemployment rate dropped from 3.5% the previous month to 3.4%, according to Labor Department data. The report indicates that although the economy is slowing, the labor market is still strong. Once again, the job market has turned heads with its resilience, Mark Hamrick, Bankrate senior economic analyst, via note. Wage gains also exceeded expectations. Hourly wages increased 0.5% for the month and 4.4% year-over-year. Interest rates were recently raised by another quarter of a point. . Markets have been hoping for slower economic data, in the hope that it will give the Fed space to cut rates. Today’s jobs report has delivered the exact opposite, Seema Shah, chief global strategist at Principal Asset Management, via research note. Federal Reserve Chairman Jerome Powell said, "excess demand in the labor market" could help to avoid a recession. Avoiding a recession is, in my view, more likely than having a recession. But I don’t rule that out either. It’s possible that we have a mild recession, Jerome Powell, Federal Reserve Chairman, via statement
Inside the battle over the upcoming 2-year Wisconsin budget
Over the next several months, the Republican-led Legislature and Democratic Gov. Tony Evers will battle their way through the the 2023-25 biennial budget process as the state has a projected surplus of more than $7 billion.
The governor's budget proposal is all but certain to receive pushback from legislative Republicans, who have championed the need to implement a flat income tax in Wisconsin.
Wisconsin's latest fiscal outlook projects the state will wrap up the current fiscal year with about half a billion dollars more than previous projections.
Evers will unveil his formal budget request on Feb. 15. From there, the Republican-controlled budget committee will rewrite the document before sending it back to the governor.
Of the more than 4.2 million licensed drivers in Wisconsin, 770,000 had at least one OWI citation or conviction as of the end of 2021.
Evers has called for a 10% tax cut for individuals earning $100,000 or less a year and married filers making $150,000 or less.
Evers on Tuesday also unveiled proposals to cut taxes, increase local government funding, spend more than $100 million to deal with PFAS contamination and support child care providers.
Around a third of students across Wisconsin feel sad and hopeless almost every day, according to the Office of Children's Mental Health.
The two top options being discussed are adjusting the state's income tax to benefit middle class earners or eliminating the current tax and creating a 3.25% flat tax.
