Constitutionally Requiring a “Fiscal Responsibility Fund”

Tamarine Cornelius
April 11, 2011

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Assembly Joint Resolution 21, which was introduced on April 1, 2011, would amend the Wisconsin Constitution to mandate contributions to a state “fiscal responsibility fund” intended to be used in the case of a recession. Once the fund level exceeds a specified amount, the excess must be returned to taxpayers. The amendment would also have the effect of capping state taxes (but not the property tax) at a specified level. Read full publication.