CHICAGO -- Gov. Tommy Thompson of Wisconsin yesterday signed into law a $30.4 billion fiscal 1994-95 biennial budget, saying it will reform the state's property tax system.

"This budget I am signing is a budget that limits property tax increases, greatly increases state aid to schools and local governments, and funds programs that meet our most pressing needs," Thompson said in his veto message. "It will help make sure that Wisconsin continues to enjoy a strong economy and a high quality of life in future years."

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