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thewheelerreport.com |
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Budget Review Bill Issues |
| 1. Lapse requirement under s. 16.50(02). |
| ---Governor: Reverse DOA Feb. 12 action identifying $111 million of additional agency appropriation lapses in addition to Act 20. |
| ---Assembly: Include DOA Feb. 12 administrative actions. |
| ---Senate: Reverse DOA Feb. 12 action. |
| 2. DOA Secretary Authority to lapse or transfer funds to the General Fund. |
| ---Governor: Require DOA to lapse or transfer $330,400,000 biennially to general fund in addition to Act 20. |
| ---Assembly: Modify Act 20 to reduce biennial lapse to $150 million; exempt DOT; general equalization aids; require $250 million from GPR in 2007-09. |
| ---Senate: Require DOA to lapse or transfer $40 million biennially to General Fund. |
| 3. Limit on lapse from DOT; General Fund-supported, General Obligation bonds for highway programs. |
| ---Governor: Limit transfer from DOT appropriations to $293 million; authorize $190 million in General Fund supported bonding. |
| ---Assembly: Prohibit lapses and transfers under Act 20. |
| ---Senate: Limit transfer from DOT to $50 million; require lapse from state highway rehabilitation fund; authorize $50 million in bonding. |
| 4. Transfer Real ID implementation funds to the General Fund. |
| ---Governor: Prohibit JFC from providing an appropriation supplement to DOT for implementation of the federal Real ID Act; other restrictions. |
| ---Assembly: No Provision. |
| ---Senate: Prohibit JFC from providing an appropriation supplement to DOT for implementation; increase estimated transportation fund appropriation lapses by $9,805,300 in FY07-08; $12,184,000 in FY08-09. |
| 5. DOT highway program funding adjustments. |
| ---Governor: Make adjustments in funding for various highway improvement programs. |
| ---Assembly: No Provision. |
| ---Senate: Provide increases of $20 million in 07-08 for major highway development program; $56,967,000 in 07-08 for state highway rehabilitation program (Federal funds). |
| 6. Kenosha-Racine-Milwaukee commuter rail extension. |
| ---Governor: No Provision.. |
| ---Assembly: No Provision. |
| ---Senate: Provide $800,000 SEG in 07-08 for program; provide Southeastern WI Regional Transit Authority with responsibility to sponsor, develop, construct and operate a commuter rail transit system; authorize vehicle rental fee up to $15 per transaction in three-county area. |
| 7. Equalization Aid payment delay. |
| ---Governor: No Provision. |
| ---Assembly and Senate: Delay equalization aid payment by $125 million beginning with payments made in 2008 for the 07-08 school year. |
| 8. Public library system aid from the Universal Service Fund. |
| ---Governor: Delete GPR and provide $11,297,400 SEG from Universal Service Fund in 08-09. |
| ---Assembly: No Provision. |
| ---Senate: Include Governors provision; prohibit telecommunications utilities from recovering any assessment resulting from new calculations. |
| 9. Budget Stabilization Fund transfer. |
| ---Governor: Authorize DOA to transfer money from the fund to the General Fund in either year of the 07-09 biennium if projected gross balance in General Fund is less than $65 million in that year. |
| ---Assembly and Senate: Transfer $55 million of the amount in the fund to the General Fund. |
| 10. Statutory Balance. |
| ---Governor: No Provision. |
| ---Assembly: Reduce required statutory balance to $20 million for 2007-09. |
| ---Senate: Reduce required statutory balance to $55 million for 2007-09. |
| 11. Limit on inter-fund cash flow borrowing. |
| ---Governor and Senate: Increase limit to 13% of GPR appropriations for the year; sunset June 30, 2009. |
| ---Assembly: No Provision. |
| 12. Threshold for budget adjustment bill. |
| ---Governor: Increase threshold above which Governor is required to submit a budget adjustment bill to 2.% of GPR appropriations (now 0.5%); sunset June 30, 2009. |
| ---Assembly/Senate: No Provision. |
| 13. Modify the structural balance requirement. |
| ---Governor: Modify requirement for a structural balance to include moneys held in the budget stabilization fund during 07-09 biennium. |
| ---Assembly and Senate: No Provision. |
| 14. Tobacco Securitization. |
| ---Governor: Increase transfer to permanent endowment fund to the MA trust fund by $15 million annually associated with additional tobacco bond proceeds from a tobacco securitization transaction. |
| ---Assembly: No Provision. |
| ---Senate Modifiy Governor's proposal. |
| 15. Hospital Assessment, rate increase, MA benefits funding change. |
| ---Governor: Include assessment; provide portion to increased reimbursement for inpatient/outpatient services by hospitals to MA and BadgerCare Plus recipients. |
| ---Assembly: No Provision. |
| ---Senate: Include Governor's provision with modifications. |
| 16. Child care subsidies. |
| ---Governor and Assembly: No Provision. |
| ---Senate: Provide $18.6 million 9n 07-08 for direct child care subsidies under Wisconsin Shares program; other changes. |
| 17. Corporate income/franchise tax rate reduction. |
| ---Governor and Assembly: No Provision. |
| ---Senate: Reduce tax rate to 7.8% with tax years beginning on or after January 1, 2009. |
| 18. Real Estate Investment Trusts (REITs). |
| ---Governor: Modify method of calculating net income for real estate investment trusts. |
| ---Assembly: No Provision. |
| ---Senate: Include combined reporting, which provides similar treatment of REITs. |
| 19. Combined reporting. |
| ---Governor and Assembly: No Provision. |
| ---Senate: Require beginning with tax year 2008 corporations subject to the state corporate income and franchise tax and are engaged in a unitary business file a combined report for state income and franchise taxes. |
| (END) |