Wisconsin governor seals 400 years of public school funding increases with budget veto
Wisconsin Gov Tony Evers, a Democrat, used his line-item veto power to enact a state budget that increases spending for public schools for the next 400 years, The Milwaukee Journal Sentinel reported. Mr Evers used the broad powers given to Wisconsin governors to strike a hyphen and the “20” from a reference to the 2024-2025 school year. The line-item veto will make sure that the limits that the state imposes on school districts on how much they are allowed to raise per student will increase by $325 until 2425. The line-item veto will table debates between the two parties during the budget-writing season. Republicans control the state legislature in Wisconsin. Mr Evers said that the move would “provide school districts with predictable long-term increases for the foreseeable future.” Mr Evers also used his line-item veto to nullify much of Republicans’ proposed $3.5m tax cut that would have mostly slashed taxes on the state’s wealthiest residents. But Robin Vos, the speaker of the state House, decried the move. “Legislative Republicans worked tirelessly over the last few months to block Governor Evers’ liberal tax and spending agenda. Unfortunately, because of his powerful veto authority, he reinstated some of it today,” he said in a statement. Dan Rossmiller, who represents the Wisconsin Association of School Boards, said that while the permanent annual funding was “certainly appreciated,” the additional funding could vary depending on the school district and that the rate might not meet or exceed inflation rates in some districts. “I wish the amount would have been higher,” he said. “With inflation at 40-year highs, it's really important to be able to attract and retain teachers and staff, and to be able to pay the increased costs of everything in a school district's budget.” Republicans likely could not override Mr Evers’s action since they lack a veto-proof majority in the state legislature. Read More Watch live: Trump aide Walt Nauta attends court on charges related to classified documents DeSantis doubles down on ‘homophobic’ anti-Trump ad: ‘Totally fair game’
2023-07-06 23:23
Pentagon has strategic germanium stockpile but no gallium reserves
WASHINGTON The Pentagon holds a strategic stockpile for germanium but currently has no inventory reserves for gallium, a
2023-07-06 22:59
Alphabet Exuberance Is Cooling on Wall Street After Stock’s Strong Run
Once one of the highest-rated stocks on Wall Street, Alphabet Inc. is getting a cooler reception from analysts
2023-07-06 21:48
US weekly jobless claims rise moderately; layoffs drop in June
WASHINGTON The number of Americans filing new claims for unemployment benefits increased moderately last week, pointing to only
2023-07-06 20:52
Mercedes to extend CEO Kaellenius' contract - source
BERLIN (Reuters) -Mercedes-Benz wants to extend Chief Executive Ola Kaellenius' contract, a source with knowledge of the matter told Reuters
2023-07-06 20:28
VW ready to deal with China metal curbs if needed, chipmakers play down fallout
By Ben Blanchard and Jan Schwartz TAIWAN Volkswagen said it is monitoring the situation on metals markets after
2023-07-06 18:24
Beijing's curbs on niche metal exports threaten China supply glut
BEIJING China faces a growing surplus of two strategic metals if Beijing restricts exports, industry players said, weighing
2023-07-06 17:58
Tom Cruise, Barbie Are Hollywood’s Last Hope for Summer Success
Indiana Jones and the Dial of Destiny, the fifth film in the Walt Disney Co. series about a
2023-07-06 17:51
UK Believes Thames Water Will Avoid State Takeover
The UK government believes Thames Water can avoid falling into public ownership, according to people familiar with the
2023-07-06 16:55
Moderna inks deal to make mRNA medicines in China
US drugmaker Moderna has signed a deal to make mRNA medicines in China as part of its first major investment in the country, despite escalating trade and political tension between Washington and Beijing.
2023-07-06 14:49
EMFX will hold gains into 2024 provided central banks hold rates: Reuters poll
By Vuyani Ndaba JOHANNESBURG Emerging market currencies will hold on to gains into next year provided their respective
2023-07-06 13:50
Tesla and Chinese Rivals Signal Truce After Brutal EV Price War
Tesla Inc. and China’s top electric-vehicle makers including BYD Co. pledged to maintain fair competition and avoid “abnormal
2023-07-06 13:24