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State Senator Van Wanggaard's eNewsletter 2015
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Arena Deal Protects Taxpayers

 

 
Yesterday, I was proud to vote "yes" to spur economic development in Milwaukee and grow the income tax revenue from the Milwaukee Bucks while ensuring taxpayers are protected. Of course, the final proposal meets the four criteria I laid out, which ensure the taxpayers of Racine and Kenosha county are protected. 

Here's why this deal is good for Wisconsin:
  • No new taxes will be created in the proposed deal
  • For every dollar that the state puts in, we will gain two in economic growth
  • Locals are picking up bulk of the cost with the state's share capped at $80 million over 20 years
  • Small ticket surcharge will be paid by Bucks fans and generate roughly an additional half million dollars to the state’s general fund
Bucks players generate $6.5 million in income tax revenue annually, and if the team were to leave we would lose a minimum of $130 million in income tax over 20 years. State taxpayers would also remain on the hook for the deferred maintenance costs and other obligations of the Bradley Center, which are estimated at up to $120 million including debts. 

In addition to making sense financially, it was important to me that the arena deal also includes  protections for taxpayers. The arena proposal will offer protections on cost overruns (all state contributions are capped at $80 million), if the Bucks leave, they will have to pay back the public investment, and the Bucks will be responsible for ongoing maintenance of the new arena. This is in stark contrast to the never-ending Miller Park deal. 

After months of changes, Wisconsin finally has a deal that is a win for the state. This
 deal is in the best economic interest of the state, protects taxpayers and gets Wisconsin out of the arena business, and I was happy to support it. 
 

John Doe Ruling Victory for Free Speech


 
As the Chairperson of the Senate Judiciary Committee, I issued the following statement regarding today's Supreme Court ruling:

"Today’s Supreme Court decision shutting down the renegade Government Accountability Board’s theory of campaign finance laws is a complete victory for free speech.  But there is still work to do.

“The literally lawless action by the GAB requires that we replace the GAB and its leadership. The GAB is meant to enforce the existing laws, not to create new ones, and not to advance criminal theories to meet their partisan goals. Any semblance of their alleged impartiality is completed eroded.

“While this John Doe investigation has ended, we must prevent similar abuses in the future for all citizens. The John Doe laws must be reformed to protect civil rights, including the first and fourth amendment, and allow oversight into the John Doe Process.

“Finally, as now three courts have noted, Wisconsin’s campaign finance laws are a jumbled mess. Chapter 11 must be updated to reflect the current jurisprudence on the subject. While today’s decision provides clarity in one area, all participants in our political process should be able to look at the statute and know what the law is.”
 

In the District


 
On Sunday, July 12, I attended the Kansasville Fire and Rescue Pancake Breakfast. I enjoyed spending time with many fine folks including Racine Register of DeedsTyson Fettes, Speaker Robin Vos and Racine County Exec Jonathan Delagrave (pictured above).
Connect with Van:
www.SenatorWanggaard.com

608.266.1832

State Senator Van
Wanggaard
21st Senate District 

Wisconsin State Capitol 
P.O. Box 7882
Madison, Wisconsin 53707
 
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P.O. Box 7882
Rm 319 South
MadisonWI 53707


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