Constitutionally Requiring a “Fiscal Responsibility Fund”
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.