New Report Confirms Act 10 Saved Wisconsin Taxpayers $1B
Beacon Hill Institute for Public Policy Research recently analyzed the overall impact Act 10 had on Wisconsin. M.D. Kittle of the Wisconsin Reporter writes:
MADISON — While a lightning rod for controversy and recall, Wisconsin's Act 10 has paid significant dividends to taxpayers, according to a new analysis by the Beacon Hill Institute for Public Policy Research, at Suffolk University in Boston.
Act 10, which curbed collective bargaining for most unionized public employees, in the whole has saved taxpayers more than $1 billion, according to The Economic Impacts of the Wisconsin Budget Repair Act. The study is slated for release this week by Beacon Hill Institute, a prominent free market think tank.
What the analysis found is that without the law, which in part requires covered public employees to contribute more to their benefits and holds wage increases to the rate of inflation, Badger State governments would have been forced to raise taxes or make deep job cuts to meet budget expenses.
For the complete article, click here.