September 20, 2007 - Introduced by Representatives Strachota, Pridemore,
Jeskewitz, Ballweg, Albers, Hahn, Vukmir, Kleefisch, Bies, Vos, F. Lasee,
Nass, Gunderson, Gundrum, Kramer and Zipperer, cosponsored by Senators
Kanavas, Lazich and Schultz. Referred to Committee on Ways and Means.
AB514,1,2
1An Act to create 16.46 (10) and 16.46 (11) of the statutes;
relating to:
2information required to be included in the biennial state budget report.
Analysis by the Legislative Reference Bureau
Biennially, the secretary of administration (secretary) must prepare a state
budget report that contains a number of summaries, statements, and estimates
relating to the state's finances. The secretary must furnish this report to each
member of the legislature on the same day that the governor delivers his or her
budget message to the two houses of the legislature in joint session. This bill requires
the secretary to include in the report a statement of the balance of the budget
stabilization fund and a summary of all new tax increases, fee increases, and
assessments in the budget bill or bills. This summary must contain all of the
following:
1. A statement of each tax increase, including the projected annual amount of
revenues generated from the increase, how the revenues will be collected from the
increase, and the category of persons affected by the increase.
2. A statement of each fee increase, including the projected annual amount of
revenues generated from the increase, how the revenues will be collected from the
increase, and the category of persons affected by the increase.
3. A statement of each assessment, including the projected annual amount of
revenues generated from the assessment, how the revenues will be collected from the
assessment, and the category of persons affected by the assessment.
4. A statement of any changes in the methods used to collect tax, fee, and
assessment revenues that will result in increasing the amount of revenues, including
the annual projected amount of revenue increases from the change in method, how
the revenues will be collected as a result of the change in method, and the category
of persons affected by the increase in revenues.
5. A statement of any provisions in the budget bill or bills that may increase
local property tax rates, the estimated increase in local property tax rates, and the
projected annual amount of revenues resulting from the increase in local property
tax rates.
6. A statement specifying on which state programs and operations the revenues
collected from items 1. to 5., above, will be expended in the budget bill or bills.
For further information see the state 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:
AB514, s. 1
1Section
1. 16.46 (10) of the statutes is created to read:
AB514,2,32
16.46
(10) A summary of all new tax increases, fee increases, and assessments
3in the budget bill or bills, with all of the following information:
AB514,2,64
(a) A statement of each tax increase, including the projected annual amount
5of revenues generated from the increase, how the revenues will be collected from the
6increase, and the category of persons affected by the increase.
AB514,2,97
(b) A statement of each fee increase, including the projected annual amount of
8revenues generated from the increase, how the revenues will be collected from the
9increase, and the category of persons affected by the increase.
AB514,2,1210
(c) A statement of each assessment, including the projected annual amount of
11revenues generated from the assessment, how the revenues will be collected from the
12assessment, and the category of persons affected by the assessment.
AB514,3,213
(d) A statement of any changes in the methods used to collect tax, fee, and
14assessment revenues that will result in increasing the amount of revenues, including
15the annual projected amount of revenue increases from the change in method, how
1the revenues will be collected as a result of the change in method, and the category
2of persons affected by the increase in revenues.
AB514,3,63
(e) A statement of any provisions in the budget bill or bills that may increase
4local property tax rates, the estimated increase in local property tax rates, and the
5projected annual amount of revenues resulting from the increase in local property
6tax rates.
AB514,3,87
(f) A statement specifying on which state programs and operations the
8revenues collected from pars. (a) to (e) will be expended in the budget bill or bills.
AB514, s. 2
9Section
2. 16.46 (11) of the statutes is created to read:
AB514,3,1010
16.46
(11) A statement of the balance of the budget stabilization fund.
