August 11, 2017


Wisconsin's Financial Outlook Continues to Improve!


Last Friday, Moody's Investors Service upgraded the State of Wisconsin's General Obligation for the first time since 1973 to Aa1, up from Aa2. Because of the improved rating, Wisconsin is expected to realized savings from a reduction in its capital costs/interest rates on borrowing.

This is great news for the entire state and helps to show that Wisconsin continues to be headed in the right direction. Because of prudent fiscal management and continued growth, Wisconsin is in a great position moving forward and this upgrade reflects that positive trend. I am proud of the work we continue to do in Wisconsin as our unemployment rate is near a record low, workforce participation continues to increase, and the state remains financially stable.

If you would like to view the full report from Moody's, please click here.


Foxconn Update


As I mentioned in last week's e-update, a public hearing was held last Thursday in the Assembly Committee on Jobs and the Economy on the proposed Foxconn legislation. Committee members received information from officials at the Departments of Administration, Revenue, Transportation, Natural Resources, and Workforce Development regarding the legislation. Also in attendance were administrators from the UW System, Marquette University, and the Technical College System with information about the impact of this legislation on high education in Wisconsin. The committee also heard testimony from members of the public. With all of this testimony in mind, Assembly Republicans have been working diligently to make sure this legislation is the best deal for Wisconsin. As of today, the bill will continue through the legislative process as the Assembly Committee on Jobs and the Economy has scheduled an executive session next Monday to vote on approval. If approved, the bill will head to the Assembly floor for a vote by all members, this could happen as soon as late next week.

As this legislation continues through the legislative process I will be sure to keep you up-to-date on the developments. If you have any specific questions or concerns, please don't hesitate to reach out to my office.


In the 55th!









This week, I was able to attend the Fox Cities Senior Games at Pierce Park in Appleton. It was a fun event and was well-attended by residents of the Fox Cities. The event is put on yearly by the Fox Cities YMCA and is also sponsored by Network Health. It is a fun way for seniors to get out and connect with friends, meet new friends, and be active. There were games, workshops, prizes, and awards with entertainment provided by the Unity Dance Academy dancers and acrobats. I look forward to attending the event next year and would like to thank everyone who took the time to make this event possible.

Additionally, I always enjoy meeting with constituents to discuss issues important to them. If you have any questions or concerns about state government, please don't hesitate to contact my office. If you would like to meet with me in-district or in Madison, my staff at the Capitol would be more than happy to help you find a time and location to do so.

Have a great weekend,

Mike


Legislative Website


If you are interested in learning more about bills that I have authored, co-sponsored, or voted on, please click here.  This link will take you directly to my Wisconsin State Legislative page.  Also, if you are interested in viewing my office website, click here.
 

 
     

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E-Update, please feel free to contact me.

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State Capitol Room 321 East - PO Box 8953, Madison, WI 53708
(608) 266-5719
Email: Rep.Rohrkaste@legis.wisconsin.gov