Tuesday, January 18, 2005
10:00 A.M.
Ninety-Seventh Regular Session
The Senate met.
The Senate was called to order by Senator Ronald Brown.
The Chair, with unanimous consent, asked that the proper entries be made in the journal.
__________________
Read and referred:
Senate Joint Resolution 3
Relating to: the life and military service of Marine Corporal Robert Warns II.
By
Senator
Kanavas
; cosponsored by Representative Nischke
.
To committee on Senate Organization.
Read first time and referred:
Senate Bill 9
Relating to: reducing the amount of the estate tax imposed by the state.
By
Senators
Roessler, Zien, A. Lasee and Stepp; cosponsored by Representatives Jensen, Rhoades, Ainsworth, Owens, Jeskewitz, McCormick, Townsend, Freese, Hahn, Kreibich, F. Lasee, Lothian, Musser, Nischke, Petrowski, Van Roy, Vos, Ziegelbauer and Nass.
To committee on Veterans, Homeland Security, Military Affairs, Small Business and Government Reform.
Senate Bill 10
Relating to: Department of Transportation rules relating to land subdivisions abutting state trunk highways and connecting highways.
By
joint committee for review of Administrative Rules, by request of 2003-2004 Rule Objection
.
To committee on Natural Resources and Transportation.
Senate Bill 11
Relating to: an overtime pay exemption for providers of companionship services.
By
joint committee for review of Administrative Rules
, by request of 2003-2004 Rule Objection
.
To committee on Health, Children, Families, Aging and Long Term Care.
Senate Bill 12
Relating to: the state minimum wage.
By
joint committee for review of Administrative Rules, by request of 2003-2004 Rule Objection
.
To committee on Labor and Election Process Reform.
Senate Bill 13
Relating to: the protection and management of the public waters of Wisconsin.
By
joint committee for review of Administrative Rules, by request of 2003-2004 Rule Objection
.
To committee on Natural Resources and Transportation.
Senate Bill 14
Relating to: the placement of riprap, biological shore erosion control structures, seawalls, piers, wharves, boat shelters, boat hoists, boat lifts, and swim rafts in navigable waters and the effective date for the issuance of individual permits for activities in navigable waters.
By
joint committee for review of Administrative Rules
, by request of 2003-2004 Rule Objection
.
To committee on Natural Resources and Transportation.
__________________
The committee on Veterans, Homeland Security, Military Affairs, Small Business and Government Reform reports and recommends:
Senate Bill 2
Relating to: regional emergency response team requirements.
Passage.
Ayes, 5 - Senators
Brown, Zien, Kanavas, Breske and Wirch.
Noes, 0 - None.
Senate Joint Resolution 2
Relating to: 4-year terms of office for certain county officers (2nd consideration).
Adoption.
Ayes, 5 - Senators
Brown, Zien, Kanavas, Breske and Wirch.
Noes, 0 - None.
Ronald Brown
Chairperson
__________________
State of Wisconsin
Department of Administration
January 28, 2005
The Honorable, The Legislature:
S40
This report is transmitted as required by sec. 20.002(11)(f) of the Wisconsin Statutes, (for distribution to the appropriate standing committees under sec. 13.172(3) Stats.), and confirms that the Department of Administration has found it necessary to exercise the "temporary reallocation of balances" authority provided by this section in order to meet payment responsibilities and cover resulting negative balances during the month of December 2004.
On December 6, 2004, the General Fund cash balance closed at a negative $247.2 million. The fund's negative cash balance continued until December 20, 2004, when the fund's cash balance closed at a positive $171.2 million. The General Fund cash balance reached its intramonth low of a negative $351.8 million on December 9, 2004. The negative balance was due to the difference in the timing of revenues and expenditures.
On December 1, 2004, the
Medical Assistance Trust Fund cash balance closed at its intramonth low of a negative $187.6 million. The fund's negative cash balance continued through December 31, 2004, when the fund's cash balance closed at a negative $184.0 million. The deficit is due to federal revenues falling short of estimates included in
2003 Wisconsin Act 33.
On December 1, 2004, the Tuition Trust Fund cash balance closed at a negative $14.0 thousand. The fund's negative cash balance continued through December 31, 2004, when the fund's cash balance closed at a negative $11.0 thousand. The negative balance was due to the difference in the timing of revenues and expenditures.
The General Fund, the Medical Assistance Trust Fund, and the Tuition Trust Fund shortfalls were not in excess of the statutory interfund borrowing limitations and did not exceed the balances of the funds available for interfund borrowing.
The distribution of interest earnings to investment pool participants is based on the average daily balance in the pool and each fund's share. Therefore, the monthly calculation by the State Controller's Office will automatically reflect the use of these temporary reallocations of balance authority, and as a result, the funds requiring the use of the authority will effectively bear the interest cost.
Sincerely,
Marc J. Marotta
Secretary
Referred to joint committee on Finance.
State of Wisconsin
Department of Revenue
January 14 ,2005
