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 …
From WisPolitics.com …
“– The Legislative Fiscal Bureau projected state revenues through mid-2021 will come in slightly below what the Department of Administration had expected two months ago.
“Still, the state is looking at an additional $2.4 billion in new money through the end of the next budget thanks to a series of factors. That includes a drop in projected appropriations in the current fiscal year that help offset the revised revenue projection. Continue reading Updated state revenue projections released
The final report of the Blue Ribbon Commission on School Funding was released Jan. 7 by co-chairs Rep. Joel Kitchens (R-Sturgeon Bay) and Sen. Luther Olsen (R-Ripon).
The report was compiled by the non-partisan Legislative Fiscal Bureau staff and contains the Commission’s recommendations for school funding reforms in 13 different areas. Continue reading Final recommendations of school funding panel released
A set of 19 option papers on various school funding topics has been released by the co-chairs of the Blue Ribbon Commission on School Funding, state Sen. Luther Olsen (R-Ripon) and state Rep. Joel Kitchens (R-Sturgeon Bay). (See pictured at left).
The options presented in the papers, prepared by the non-partisan Legislative Fiscal Bureau (LFB) in consultation with the co-chairs, will form the basis for the Commission’s discussions when it meets on Wednesday, Dec. 19. (See previous post.)
The nonpartisan Legislative Fiscal Bureau (LFB) has released its annual memorandum providing information on the estimated percentage level of state support for K-12 education statewide and for individual school districts in the 2015-16 school year.
The memo estimates the state share of K-12 education in 2017-18 was 64.90 percent of partial school revenues, the same method used to calculate state support when the statutes mandated that state provide two-thirds of school costs. That two-thirds funding mandate was in effect from 1996-97 school year through the 2002-03 school year.
Continue reading Fiscal memos on state support for school districts, school levy tax credit released
The Blue Ribbon Commission on School Funding is expected to meet sometime between now and the Christmas holiday to review the recommendations each member of the Commission brought forward and to try to come to a consensus on what official recommendations the Commission will make. Watch the Legislative Update blog for updates on the scheduling of this meeting. Continue reading December meeting of school funding commission anticipated; WASB recommendations to the commission
A new report from the state Department of Administration (DOA) suggests that despite positive growth in state tax collections, incoming governor-elect Tony Evers would need an additional $1.1 billion to meet all state agency budget requests.
The report released yesterday (Nov. 20) and entitled Agency Requests and Revenue Estimates for FY2020 and FY2021 compares 2019-21 budget requests submitted by state agencies and estimated state revenues leading up to and continuing within the 2019-21 biennium. The report provides guidance likely to be used by Evers as he assembles the 2019-21 state budget likely to be introduced in early February.
Continue reading State expects new revenues of $2.1 billion through mid-2021