Municipalities Make a Case for Part of the State’s Revenue Surplus
At a press conference in the Capitol on Tuesday, the League of Wisconsin Municipalities urged state policymakers to use the better-than-anticipated tax revenue to restore $48 million in shared revenue that was cut in the last state budget. As we noted in a previous blog post, the Dept. of Revenue announced in early September that fiscal year 2011-12 tax collections surpassed the estimated level by $126 million.
The League’s Executive Director, Dan Thompson, says the additional funding would allow municipalities to invest in the services and infrastructure necessary to grow their economies, and could also help hold down property taxes later this year. (Of course, that would require legislative action in a special session within the next couple of months.)
A resolution approved by League members at their conference last October: “urges the Governor and the Legislature to restore shared revenue funding to 2002 levels when the state’s future tax collections increases as a result of job creation and economic growth in our communities.”