Hamilton Political Tidbits – June 22, 2021

Political Tidbits - Special Budget Update - June 22, 2021
June 22, 2021
Wisconsin political news for clients and colleagues.
The Joint Finance Committee has completed its work assembling a state budget for the 2021-2023 fiscal biennium. In this special edition of Hamilton Political Tidbits, we review the budget motions considered and approved by the committee over the last two months. Click here to see our summary of the process, and read on for more details.

If you have any additional questions, please contact a member of the Hamilton Consulting team.
Joint Finance Committee Finishes Its Work on the 2021-23 State Budget
The Wisconsin Legislature’s Joint Finance Committee (JFC) has completed its work assembling a state budget for the 2021-2023 fiscal biennium. In May and June, JFC held a series of executive sessions to consider various budget motions related to state agencies and programs. In the series of articles linked below, we review the motions considered by the committee during each session, including notable items that the committee adopted:


Key Stories from the Budget Process
Full budget veto possible. Gov. Evers has publicly indicated that he may veto the budget in its entirety. In particular, the governor and his administration have criticized legislative leaders for refusing to accept federal money to expand Medicaid and for not providing enough funding for K-12 education.

Unprecedented state revenue estimates. Although legislative leaders had previously indicated a desire to include some kind of tax relief in the budget, they were bolstered by a memo released on June 8 by the Legislative Fiscal Bureau (LFB), a nonpartisan government agency. The memo projected that by June 30, 2023, state tax collections would be $4.4 billion more than previously estimated.

Repeal of the personal property tax. The Senate is quickly moving forward with a bill to repeal the personal property tax. The Senate Committee on Economic and Workforce Development scheduled the bill for a hearing and session on June 22.

News Clips
Politics
Wisconsin State Journal, June 18, 2021
Wisconsin Public Radio, June 17, 2021
Wisconsin State Journal, June 16, 2021
Milwaukee Journal Sentinel, June 16, 2021
The Capital Times, June 16, 2021
The Capital Times, June 16, 2021
Urban Milwaukee, June 14, 2021
U.S. News, June 14, 2021
Milwaukee Journal Sentinel, June 14, 2021
Milwaukee Journal Sentinel, June 14, 2021
CBS, June 10, 2021
BBC News, June 10, 2021
Wisconsin State Journal, June 10, 2021
Milwaukee Journal Sentinel, June 9, 2021
WQOW, June 9, 2021
Channel 3000, June 9, 2021
La Crosse Tribune, June 9, 2021
Wisconsin Public Radio, June 8, 2021
Milwaukee Journal Sentinel, June 8, 2021
Wisconsin Public Radio, June 7, 2021
Wisconsin State Journal, June 7, 2021
Associated Press, June 5, 2021
Wisconsin Public Radio, June 3, 2021
Health
CNN, June 17, 2021
Wisconsin Public Radio, June 16, 2021
The Capital Times, June 15, 2021
Wisconsin Public Radio, June 14, 2021
Wisconsin Public Radio, June 14, 2021
WBAY, June 14, 2021
Wisconsin State Journal, June 14, 2021
Wisconsin Public Radio, June 11, 2021
Wisconsin Public Radio, June 10, 2021
Milwaukee Journal Sentinel, June 10, 2021
The Wall Street Journal, June 10, 2021
Fox 6, June 9, 2021
Wisconsin Public Radio, June 8, 2021
Wisconsin Public Radio, June 6, 2021
Milwaukee Business Journal, June 2, 2021
Utilities and Energy
Environment
Legal
Milwaukee Journal Sentinel, June 17, 2021
The Capital Times, June 16, 2021
GazetteXtra, June 16, 2021
Wisconsin State Journal, June 16, 2021
WXPR, June 15, 2021
The Capital Times, June 11, 2021
Milwaukee Journal Sentinel, June 9, 2021
National Law Review, June 8, 2021
The Journal Times, June 9, 2021
WKOW, June 8, 2021
Wisconsin State Journal, June 8, 2021
Wisconsin Right Now, June 6, 2021
Wisconsin Public Radio, June 6, 2021
Associated Press, June 3, 2021
Bloomberg, June 3, 2021
Employer Issues
Economic Development
Transportation
Education
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