LRB-4202/2
JS:skg:mkd
1995 - 1996 LEGISLATURE
November 27, 1995 - Introduced by Representatives Black, Baldwin and Hanson,
cosponsored by Senator Risser. Referred to Committee on Ways and Means.
AB701,1,3
1An Act to amend 79.03 (1), 79.03 (3) (a), 79.06 (1) (b) and 79.06 (2) (b); and
to
2create 79.03 (2m) of the statutes;
relating to: the maximum allowable loss in
3shared revenue.
Analysis by the Legislative Reference Bureau
This bill creates a new shared revenue payment that ensures that the loss in
shared revenue by a municipality or county will not exceed $1,000,000 during any
10-year period.
For further information see the local fiscal estimate, which will be printed as
an appendix to this bill.
The people of the state of Wisconsin, represented in senate and assembly, do
enact as follows:
AB701, s. 1
4Section
1. 79.03 (1) of the statutes is amended to read:
AB701,1,75
79.03
(1) Each municipality and county is entitled to shared revenue,
6consisting of an amount determined on the basis of population under sub. (2), plus
7an amount the amounts determined under
sub. subs. (2m) and (3).
AB701, s. 2
8Section
2. 79.03 (2m) of the statutes is created to read:
AB701,1,119
79.03
(2m) Each municipality and each county is entitled to a payment of an
10amount that will ensure that its payments under this subchapter have not declined
11by more than $1,000,000 during the 10 years ending with the current year.
AB701, s. 3
1Section
3. 79.03 (3) (a) of the statutes is amended to read:
AB701,2,62
79.03
(3) (a) The amount in the shared revenue account for municipalities and
3the amount in the shared revenue account for counties, less the payments under
sub. 4subs. (2)
and (2m) and s. 79.04, shall be allocated to each municipality and county
5respectively in proportion to its entitlement. In this paragraph, "entitlement" means
6the product of aidable revenues and tax base weight.
AB701, s. 4
7Section
4. 79.06 (1) (b) of the statutes is amended to read:
AB701,2,178
79.06
(1) (b) If the payments to any municipality or county under s. 79.03,
9excluding payments under s. 79.03
(2m) and (3c), in
1986 or any year
thereafter are
10less than 95% of the combined payments to the municipality or county under this
11section and s. 79.03, excluding payments under s. 79.03
(2m) and (3c), for the
12previous year, the municipality or county has an aids deficiency. The amount of the
13aids deficiency is the amount by which 95% of the combined payments to the
14municipality or county under this section and s. 79.03, excluding payments under s.
1579.03
(2m) and (3c), in the previous year exceeds the payments to the municipality
16or county under s. 79.03, excluding payments under s. 79.03
(2m) and (3c), in the
17current year.
AB701,2,2420
79.06
(2) (b) If the payments to a municipality or county, except any county in
21which there are no cities or villages, in any year exceed its combined payments under
22this section and s. 79.03, excluding payments under s. 79.03
(2m) and (3c), in the
23previous year by more than the maximum allowable increase, the excess shall be
24withheld to fund minimum payments in that year under sub. (1) (c).
AB701,3,1
1(1) This act first applies to payments made during 1997.
