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Around 10.2% of Wisconsinites’ income went to state and local taxes in the 2020 fiscal year, the lowest level since at least 1970, according to a new report from the Wisconsin Policy Forum.
Wisconsin’s exports declined 7% in the first 11 months of 2020.
The Milwaukee-area manufacturing index was 55.54 for December, down from 61.96 in November. A reading above 50 indicates the sector is growing.
Real gross domestic product for the state grew at a 40.3% annualized rate from the second quarter to the third, a rate that ranks ninth in the country.
Wisconsin’s unemployment rate dropped from 6% in October to 5% in November.
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