Act 10 Saved Wisconsin $5.24 Billion

From the MacIver Institute:

Back in 2011, Governor Scott Walker and the Republican legislature withstood tremendous pressure from Big Labor and its allies to pass collective bargaining reform and Act 10. While the journey to get to here has been a bit bumpy, the taxpayer savings that Wisconsinites have realized from Act 10 have been nothing short of miraculous. Act 10 has resulted in $5.24 billion in savings in just over five years. $5.24 billion is a big number. So miraculous that it can be a bit difficult to actually comprehend how big $5.24 billion is. That’s why MacIver is counting down the top ten ways to visualize Act 10’s savings, starting with number ten:

10. Let’s start by comparing the savings to a number that most of us are already familiar with: property taxes. The average Wisconsinite paid $2,802 in property taxes in 2014. If we took all the savings from Act 10 and spent them on property taxes, we’d pay off the average property tax bills of over 1.87 million Wisconsinites, or about a third of the state.

9. If we laid all $5.24 billion dollar bills end to end, they would get to the moon and back. Or instead, they could wrap around the earth 20 times.

8. If we stacked the bills on top of each other, rather than laying them end to end, they would reach the International Space Station.

7. That’d be like Mt. Everest – the tallest mountain on earth – stacked almost 62 times.