DECEMBER 19, 2014
Holiday Greetings

For more information on Capitol Tours, click here.


Positive Economic News


Jobs Report.
The state unemployment rate dropped to 5.2 percent in November.  That's down from 5.4 in October.  The Wisconsin Department of Workforce Development (DWD) reports the state added 16,500 private sector jobs last month and 51,000 jobs were added from November 2013 to November 2014. 
 

Generally Accepted Accounting Principles (GAAP) Deficit Decrease. The Comprehensive Annual Financial Report for the state shows that the state's GAAP deficit has decreased by $1.6 billion in the past three fiscal years. 

Property Tax Cut. Have you looked closer at your property tax bill?  The decrease is due to the $406 million investment in additional property tax relief passed last session.  More than $30 million went to reduce the taxpayer portion of the levy of the Gateway Technical College District.  That translated to a 52.1 percent decrease in the tech college portion of property taxes. Residents living in the Blackhawk Technical College District will see an average of $99.64 in savings, a reduction of 40.1 percent.
Here's a link to Governor Walker's press release listing the savings throughout the state.


Property Tax Myths

In addition to the savings that many people will see this year, it's important to know the facts about your property taxes. Many people believe that their tax bill is only affected by tax levies and local assessments, however, that's a myth. . Read more about other property tax myths by clicking here. The Wisconsin Taxpayers Alliance recently released a report illustrating the changes in tax bills. To read the report, click here.


My Capitol office at 306 East is here to help you with general inquiries as well as questions and concerns regarding legislative matters. Feel free to contact me or my staff. We are always ready to assist you in your needs. Please visit my website for press releases and other Capitol updates.

If you have any comments regarding the subject of this E-Update, please feel free to contact me.   

State Capitol Room 306 East- PO Box 8952, Madison, WI 53708
Toll-Free (888) 529-0031 or (608) 266-9967
Email: Rep.Loudenbeck@legis.wi.gov

If you would like to be removed from future mailings, please email me and ask to unsubscribe.