Tag Archives: Legislative Fiscal Bureau (LFB)

JFC Sets Vote on K-12 Education Funding for Thursday, May 23

The Joint Committee on Finance (JFC) will meet in Executive Session to vote on K-12 education funding in the 2019-21 state budget on Thursday, May 23, 2019, at 11:00 a.m.  The meeting will be held in Room 412 East, State Capitol.  View meeting notice.

The committee will work from budget papers (see below) prepared by the non-partisan Legislative Fiscal Bureau (LFB).  Those budget papers deal with specific subjects–e.g., revenue limit adjustments,  per pupil categorical aid, special education categorical aid, etc.  The budget papers provide background information and typically lay out a series of alternatives for the committee to consider on each topic.

The JFC may also work from motions prepared by the LFB at the request of individual members of the committee.  Those motions are generally not made available to the public until the time of the vote.

Continue reading JFC Sets Vote on K-12 Education Funding for Thursday, May 23

New state revenue estimates up sharply, but increase is mostly one-time money

Yesterday, the non-partisan Legislative Fiscal Bureau (LFB) released updated revenue estimates indicating the state will end the 2017-19 budget cycle with an estimated ending balance of $928.7 million, $312.2 million higher than had been forecast earlier.

That is positive news as the additional revenue could be used to increase state aid to schools. However, because most of the additional $753 million in state revenue will be collected in the current fiscal year that ends June 30, achieving such aid increases will require strong advocacy from school leaders, parents and other education proponents.

In a memo to the JFC Co-Chairs, the LFB said: “Based on our review of collections data and the economic forecast, we now believe that general fund taxes will be higher than the previous estimates by $592 million in 2018-19, $68 million in 2019-20, and $93 million in 2020-21. The three-year increase is $753 million, or 1.5%.” Continue reading New state revenue estimates up sharply, but increase is mostly one-time money

Executive sessions? Budget motions? JFC voting procedures described

Last week, when the Joint Finance Committee (JFC) Co-Chairs announced plans to adopt a budget motion removing more than 130 items proposed by the governor from further budget deliberations, they signaled the difficulty the governor’s budget, and his proposals for K-12 education funding, will face. The WASB is working to preserve as much of a funding increase for public schools as possible. While it is uncertain at this point exactly what K-12 funding items will pass, we do know how the JFC will proceed with its consideration of the budget bill.

As we cover the JFC’s work on the state budget, we’ll be using terms like executive sessions, budget papers and budget motions.  What do those terms mean and why are they important? Continue reading Executive sessions? Budget motions? JFC voting procedures described

Joint Finance Committee will soon begin voting on budget provisions

The Legislature’s budget-writing Joint Finance Committee (JFC) will soon begin formulating its own version of the state budget.  The JFC could begin taking votes on its version of the budget as early as next week.  The GOP holds 12 of the 16 seats on the committee because they hold majorities in both the Senate and Assembly.

They reportedly plan to hold executive (voting) sessions on Tuesdays and Thursdays, when the two houses of the Legislature are not meeting in scheduled floor sessions. No indication yet as to when K-12 education funding will be taken up. Continue reading Joint Finance Committee will soon begin voting on budget provisions

Additional LFB memo details impacts of four specific funding changes in governor’s proposed budget

Governor Tony Evers’ proposed state budget makes a number of school funding changes that are in addition to the “Fair Funding for our Future” reforms.

For example, in addition to an unprecedented increase in special education categorical aid (see previous post), the proposed budget also calls for per pupil increases in both school district revenue limits ($200 in 2019-20 and $204 in 2020-21) and the low revenue ceiling (to $9,700 in 2019-20 and to $10,000 in 2020-21).

Continue reading Additional LFB memo details impacts of four specific funding changes in governor’s proposed budget

LFB Summary of Governor’s Proposed Budget Released

The non-partisan Legislative Fiscal Bureau (LFB) has released its summary of the governor’s proposed budget bill.  It is available online. (See links below.)

Considered by lawmakers to be the definitive analysis, the LFB summary document breaks the budget bill down on an agency-by-agency basis, according to the state agency responsible for administering the particular program(s) being funded. Most K-12 provisions will be found under Department of Public Instruction (DPI). Continue reading LFB Summary of Governor’s Proposed Budget Released

The governor’s budget address and what happens next …

Governor Tony Evers will deliver his inaugural budget address to a joint legislative session Thursday, Feb. 28 at 7:00 p.m. The address will be covered live by Wisconsin Public Television and Wisconsin Public Radio.

Here’s a primer on how the state budget process works and what will happen after the speech is done.

Continue reading The governor’s budget address and what happens next …