BUDGET OVERVIEW

 Here is a brief timeline overview of the budget process with links to my budget e-updates for more details. Several meetings of the Joint Finance Committee (JFC) are often combined in one e-update so you may need to scroll down to find the date you are looking for.

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August 24th:

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The JFC met for the first time since June 15th to work on the budget. They held an Executive Session and voted on:

 

June 15th to August 24th:

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The JFC did not meet on the budget for two months as the Senate and Assembly leadership struggled to come up with a transportation funding plan and an education funding plan. The new fiscal year began July 1 making the budget officially overdue. 

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June 15th:

 

The JFC announced that they would be rejecting the Governor's plan on self-insurance.

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May 31st:

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The JFC held an Executive Session and voted on:

 

May 25th:

The JFC held an Executive Session and voted on two "Omnibus Motions," combining several smaller proposals.6-2 UW Omnibus.JPG

The UW Omnibus Motion dealt with:

 

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The Department of Health Services (DHS) Omnibus dealt with:

 

May 23rd:

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The JFC held an Executive Session and voted on:

 

May 18th:

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The JFC held an Executive Session and voted on:

 

May 16th:

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The JFC held an Executive Session and voted on:

 

May 11th:

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The JFC held an Executive Session and voted on:

 

The Assembly leadership, Senate leadership and the Governor continued to disagree on how to solve the $1 billion transportation shortfall.

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May 9th:

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The JFC held an Executive Session voted on: 

 

May 1st:

The JFC began their "Executive Sessions" to vote on each proposal in the budget. Because the budget is so large - 989 pages - the committee breaks up each proposal into separate votes to take up in separate Executive Sessions. 

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The JFC voted on:

 

April 3rd, 5th, 7th, 18th, 19th, and 21th:

The JFC held six public hearings around the state to listen to what Wisconsinites thought of the budget. They also decided to:

1. Use the Governor's proposed budget as the starting point for their deliberations on everything EXCEPT transportation.

2. Remove 83 policy items from the budget that weren't related to state finances.

3. Decided to work off the 'base budget' for transportation.

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March 28th, 29th, and 30th:

The Joint Finance Committee (JFC) held agency briefings on the budget.

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Tuesday Briefing:

 

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Wednesday Briefing:

 

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 Thursday Briefing:

 

February - March

With Legislative Fiscal Bureau still working to prepare the budget for the Joint Finance Hearings, one of the biggest issues in the news is the increase in K-12 funding.

Overall:

  • $11.5 billion to public, charter and private schools for the biennium.
  • Including $649 million in new spending.
  • In 2018-19:
    • The state’s share of K-12 funding will rise to 64.6%
  • State aid is the highest ever in raw dollars.
  • Revenue limits will remain flat. Aid will come from money that is not tied to the equalized funding formula.

 

February 8th:

The Governor delivered his budget address to a joint session of the legislature. He outlined his ideas for the state in a 989 page bill which was immediately sent to the Legislative Fiscal Bureau for analysis before the Joint Finance Committee begins their work.

Basic Numbers

  • Total Budget: $76.1 billion.
  • Total tax and fee cuts: $593 million.
  • Total income tax cuts: $203 million.
  • Total property tax cuts: $340 million.
  • Total spending growth: $2 billion.