Residents of one state continue to reap the benefits of a budget bill passed five years ago that has saved taxpayers over $5 billion, researchers say.

As a $3.6 billion deficit threatened to hit his state, Wisconsin Gov. Scott Walker, a Republican, championed the legislation in February 2011. Walker and the Republican-held legislature successfully balanced the budget, primarily through curbs on collective bargaining for government worker unions.

Since its implementation, Wisconsin Act 10 has saved state taxpayers $5.24 billion, according to a new report from MacIver Institute, a free-market think tank in the state.Broken down, that means each household in Wisconsin during the past five years has saved roughly $2,290.

More at Source: How Much Gov. Walker’s Union Legislation Saved Wisconsin