The Joint Finance Committee continues to vote on various parts of the budget. The committee has mostly voted on non-controversial items thus far, so this week’s session was a change of pace as the committee voted on some more weighty issues. Video of the JFC hearing from WisconsinEye. JFC covered the following items at its […]
WEDC in the Hot Seat
Date Fri, May. 10, 2013 - 11:18am By Hamilton
In response to the Legislative Audit Bureau’s recent audit of the Wisconsin Economic Development Corporation (WEDC), the public-private job-creation agency has faced increased scrutiny and its budget is in jeopardy. Budget Consequences On May 9, the Joint Finance Committee voted to make funding for WEDC conditional upon new compliance and reporting requirements in response to […]
New Revenue Estimates Show $500M Increase
Date Thu, May. 9, 2013 - 3:02pm By Hamilton
New revenue projections from the Legislative Fiscal Bureau show the state will take in $575 million more than expected over the next two years. A memo from the LFB says the general fund tax revenues are estimated to be higher by $215 million in 2012-13, $180 million in 2013-14, and $180 million in 2014-15. The […]
Policy Items & Earmarks in the Budget
Date Fri, May. 3, 2013 - 8:35am By Hamilton
Each budget cycle, the Legislative Fiscal Bureau (LFB), releases an analysis of non-fiscal policy items in the draft budget. This year the LFB is also required to release a list of earmarks contained in the budget. Policy ItemsThe LFB identified 58 policy items in the budget bill. Criteria the LFB used to identify non-fiscal policy […]
Joint Finance Committee Begins Voting on Budget
Date Fri, May. 3, 2013 - 8:33am By Hamilton
The Joint Finance Committee has begun taking votes on various parts of the budget. Prior to each JFC session the Legislative Fiscal Bureau publishes a budget paper detailing the various options the committee will vote on at a specific session. The next JFC session is scheduled for May 9. The committee is slated to cover […]
Fiscal Bureau Explains Parental Choice Provisions Proposed in the Budget
Date Tue, Apr. 16, 2013 - 2:30pm By Hamilton
In response to numerous legislative inquiries, the Legislative Fiscal Bureau has produced a memorandum discussing the potential effect of an expanded parental choice program on public school districts in the state. Additional information on the state budget can be found on Hamilton Consulting’s State Budget Issue Page.
Statewide Budget Hearings Draw Crowds
Date Thu, Apr. 11, 2013 - 5:14pm By Hamilton
The Joint Finance Committee is traveling the state in an effort to give Wisconsinites a chance to comment on the state budget before the committee begins voting on specific items on April 25. Information and video from the four scheduled public hearings will be added as it becomes available: Thursday, April 4 at Greendale High […]
Statewide Hearings on State Budget Begin
Date Wed, Apr. 3, 2013 - 9:16am By Hamilton
The Joint Finance Committee is hitting the road in an effort to give citizens around the state a chance to comment on the state budget. Information and video from the four scheduled public hearings will be added as it becomes available: Thursday, April 4 at Greendale High School in Greendale Monday, April 8 at Lambeau […]
Injured Patients and Families Compensation Fund Audit Released
Date Tue, Apr. 2, 2013 - 3:51pm By Hamilton
The nonpartisan Legislative Audit Bureau (LAB) recently completed its triennial audit of the Injured Patients and Families Compensation Fund, housed at the Office of the Commissioner of Insurance. The Fund provides participating physicians and other health care providers in Wisconsin with secondary medical malpractice insurance to cover claims that exceed the coverage limits of […]
Audit Bureau Examines Use of Federal Funding
Date Tue, Apr. 2, 2013 - 3:15pm By Hamilton
The nonpartisan Legislative Audit Bureau (LAB) has released its Single Audit, which evaluates state agencies’ administration of federal financial assistance received by the state. LAB found state agencies generally complied with federal grant requirements and took steps to resolve concerns identified in prior audits. However, LAB did question more than $510,000 in federal reimbursements state […]