ASHWAUBENON, Wis. – Wisconsin Gov. Scott Walker signed a $66 billion two-year budget Sunday that cuts about $1 billion from schools and local governments, expands government support for private schools, cuts taxes for investors and businesses, clamps down on property taxes and puts the state’s finances in better shape they’ve been in for more than a decade.

Walker vetoed dozens of budget provisions, including one that would have allowed bail bondsmen in Wisconsin. Another bars public employees from collecting pensions unless they work for a state or local government for five years or more.

Walker has the broadest veto powers of any governor in the country, allowing him to strike out entire provisions of the budget or rewrite sections by selectively crossing out words.

The budget, Walker’s first since taking office in January, closes a $3 billion shortfall over the next two years largely without relying on tax increases. It raises spending by $1.1 billion, or 1.8 percent over two years, and leaves the state with an estimated $300 million surplus in its main account in two years.

Republicans in the Legislature passed the budget earlier this month on party-line votes.

For decades, for-profit bail bondsmen have been banned from operating in Wisconsin. Lawmakers lifted that ban in their version of the budget, but Walker vetoed it.