I am making the following appointments to these standing committees:
Representative Spencer Black is appointed to the State Affairs and Homeland Security Committee.
Representative Amy Sue Vruwink is appointed to the Fish and Wildlife Committee.
These appointments are effective immediately.
Sincerely,
Michael J. Sheridan
Assembly Speaker
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Referral of Agency Reports
State of Wisconsin
Department of Administration
Madison
February 3, 2009
To the Honorable, the Legislature:
In compliance with Wisconsin statute 16.548, please find the Wisconsin Office of Federal/State Relations quarterly report to be submitted to the Legislature for the Fourth Quarter of 2008. This report provides information on the activities of the office and the status of federal legislation of concern to the State of Wisconsin.
Please contact me if you have any questions about this material.
Sincerely,
Michael L. Morgan
Secretary
Referred to committee on State Affairs and Homeland Security.
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State of Wisconsin
Department of Revenue
Madison
February 5, 2009
To the Honorable, the Legislature:
I am submitting the quarterly report of the Wisconsin Lottery for the quarter ending December 31, 2008. As required by s.
565.37 (3), Wis. Stats., the attached materials contain unaudited Wisconsin Lottery year-to-date Revenue and Expenditure information.
The information reported here is a summary and is not intended to be a complete financial accounting of Wisconsin Lottery operations.
If you have any questions or comments regarding this report, please feel free to contact me at (608) 266-6466.
Sincerely,
Roger M. Ervin
Secretary
Referred to committee on State Affairs and Homeland Security.
Agency Reports
State of Wisconsin
Investment Board
Madison
February 4, 2009
To the Honorable, the Assembly:
The fiscal year of July 2007 through June 2008 saw unprecedented difficulties that began in the mortgage markets and spread to the broader credit and financial markets. As this letter is written, we know that those difficulties have resulted in historical stock market declines continuing into the fall of 2008. It is the bigger picture - the overall movement of the US and the international stock markets - much more so than any particular investments, that has had the most impact on the Wisconsin Retirement System (WRS) and any investor in the stock market.
SWIB has taken a conservative, long-term approach to investing. We set investment targets with the expectation that there will be market losses in some years but that longer trends will reward careful and patient investors. SWIB will remain disciplined and continue to follow its investment strategy during these extraordinary times, and be prepared for the eventual recovery.
Sincerely,
Keith Bozarth
Executive Director
