The Republican omnibus motion for state taxes was 14 pages long with 48 total changes. Included below is our first blush analysis of the tax changes. The net fiscal effect of all changes amounts to a small increase, spending $37.7 million but saving $37.2 million Read More Joint Finance Fixes Marriage Penalty, Federalizes AMT, and Adjusts Business Tax Credits
The Joint Finance Committee’s wrap-up motion, known as the 999 motion, is 24 pages long and includes 67 different proposals. Read the entire proposal here. Read More Finance 999 Wrap-Up Motion Exempts Legislature From Open Records Law
MacIver Perspective – Thanks to a last minute deal that might be snuck into the state budget, you might end up paying more for liquor in the state of Wisconsin. If this sounds familiar, that’s because Republicans tried to pull this very same stunt back in 1999. Read More Will Joint Finance Members Raise the Price of Your Brandy Old Fashioned?
MacIver Institute Budget Blog – The Joint Committee on Finance (JFC) prevented the Knowles-Nelson Stewardship Program from being temporarily frozen Friday by granting just over $33 million in borrowing authority each year until 2020. The program, which contributes to land purchases for conservation throughout the state, would have been allowed bonding authority of $54.5 million next year and $50 million in fiscal year (FY) 2017. Read More Stewardship Saved, UW Tamed At Joint Finance
MacIver News Service – The Joint Committee on Finance plans to vote on budget items for the University of Wisconsin System and the Department of Natural Resources. Two omnibus motions were released on Friday afternoon that make changes to Gov. Scott Walker’s proposed budget. PDF copies of the motions are available here. Read More Joint Finance to Vote on UW, DNR Funding with Two Omnibus Motions