The school levy credit shows up as a reduction on property tax bills mailed in December, and killing it would be difficult politically.
But according to Dale Knapp of the Wisconsin Taxpayers Alliance, the proposal would simply move money around and would have little effect on the problems schools face.
"Some districts will pay less, some will pay slightly more, but the schools will be in the same boat they were before," he said.
The state uses the school levy tax credit to help reduce property taxes that provide local money for schools. It was created in 1996 and it has grown by more than 400 percent since.
Evers stressed that putting the tax credit money into the aid formula, then redistributing it to schools under a reworked formula, would not result in a net increase statewide in property taxes. It would, however, mean higher or lower taxes for individuals, depending on their school district.