Walker says income tax cut to be around $350M

MADISON, Wis. (AP) - Gov. Scott Walker says it's reasonable to expect an income tax cut he plans to propose in the state budget will be around $342 million.

Walker says how much that level of cut would mean to taxpayers is still being worked out. He made his comments Tuesday following a speech at the Wisconsin Technology Council.

Walker says the tax cut would come out to about a $200 savings per family, but details were still being worked out as to how it would be applied to various income levels.

The $342 million Walker is eying for the income tax cut is how much money the state is currently projected to have in a budget surplus.

Walker is expected to release his budget next month.