Legislators from across the state have been discussing a revamped Shared Revenue program, which would give more money to municipalities.
Last month, Two Rivers City Manager Greg Buckley told us that his city has actually been receiving less money than it did in the year 2000.
Senate Majority Leader Devin LeMahieu heard the issues, as did the rest of the legislature.
The Senator from Oostburg tells us that over the past few months, “there have been substantive, good-faith negotiations between both houses of the legislature and local government stakeholders from across the state. The Assembly announcement today is the product of those negotiations; however, the final details are still being worked out.”
Assemblyman Shae Sortwell of Two Rivers explained that under the proposal, “Every local government will see at least a 10% minimum increase in their shared revenue. The new formula under this proposal will primarily target smaller municipalities and those who did poorly under the old formula. The personal property tax will be repealed, as well, saving Wisconsin businesses thousands of dollars.”
