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Budget Update

On Tuesday and Wednesday, the Joint Committee on Finance met to finalize the budget. The issues taken up this week dealt with Transportation, Foxconn, Public Instruction, and Revenue.

Transportation:

  • New fee on hybrid and electric cars to support $75 million in transportation bonding.
  • Eliminating 200 DOT positions and using related funding to support the transportation fund
  • Funding to complete the tolling study
  • Additional $10 million for the Local Bridge Improvement Assistance Program
  • Funding for in-vehicle cameras and tactical vests and helmets for state patrol
  • Allocating $5.7 million for projects at the Wisconsin Rapids and Appleton airports
  • Increase funding for the Harbor Assistance Program by $3.2 million
  • Federal Aid "Swap"
  • Repeal of prevailing wage, effective September 1, 2018
  • Direct the Transportation Projects Commission to study "best practices" in other states, recommend projects for denumeration, and evaluate the allocation of funds among highway funding programs

Foxconn:

  • Geographic limit for an EITM zone that could not include any area outside of the state
  • Geographic limit for EITM zone for payroll credits so that it doesn't apply to services performed outside this state
  • WI Economic Development Corporation would have to attempt to ensure that the business has sought/is seeking to satisfy hiring goals in this state before receiving EITM zone capital expenditure credits
  • Authorize $252,400,000 in general fund-supported, general obligation bonds, to be used for the I-94 North-South corridor project. It specifies that DOT cannot expend the proceeds of these bonds unless the state receives an award of federal moneys for the I-94 North-South corridor project section and submits a request to expend the bond proceeds to the Joint Committee on Finance.
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Public Instruction:

  • Modify the Special Needs Scholarship Program (SNSP) by removing prior year open enrollment requirements, prior year public school enrollment requirements, and providing summer school payments
  • Amend the SNSP program to allow receiving schools to receive more than $12,000 per student if additional costs are incurred from educating a student with an IEP. No payment will be less than $12,000 and receiving additional money is optional.

Revenue: 

  • Partial property tax repeal beginning January 1, 2018, with non-manufacturing machinery, tools, and patterns being excluded from personal property tax. To hold municipalities harmless, the state will provide $74.4 million to offset the exemption
  • Property taxes: provide $48 million over the biennium to keep property taxes below 2014 levels
  • Allow counties to share services so that services may be more efficiently delivered to constituents
  • Expand the applicability of local room tax to owners of short-term rentals
  • Beginning in 2019 repeal the alternative minimum tax
  • Restore current law for the Historic Rehabilitation Tax Credit program and modify to implement a $5 million per project cap beginning July 1, 2018.
  • Fully fund the private label credit card tax deduction. The deduction allows retailers to receive a tax deduction for sales tax on credit cards for which a borrower defaults.
  •  Require DOR to use statistical sampling when conducting financial audits of small businesses.

 

Want a Blue Book?

We have lots of Blue Books and road maps in my office - would you like one? Blue Books are full of great information about state government: biographies of legislators, information on state agencies, and more! I'm happy to drop one off with you personally. To request either a Blue Book or map, please call my office phone toll-free at (888) 534-0075 or email rep.quinn@legis.wisconsin.gov.

Thank you to all who have written or called to voice their opinions or ask questions. My office is always open, and your feedback truly helps guide my thinking.

State Capitol Room 323 North - PO Box 8953, Madison, WI 53708

(888) 534-0075

Email: Rep.Quinn@legis.wisconsin.gov

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