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JFC Begins Reworking Evers’ Budget Today
By Wisconsin School Administrators Alliance staff | May 6, 2021
From WisPolitics.com …
The Joint Finance Committee today begins the process of reworking Gov. Tony Evers’ budget.
One of the GOP-run committee’s first actions will be to approve a motion that would strip more than 380 items out of the Dem guv’s proposal. According to the Legislative Fiscal Bureau, some of the impacts of that action would be to forgo $2.4 billion in federal aid and to nix $1 billion in proposed tax hikes. The motion also would axe Evers’ plans to legalize marijuana and expand Medicaid.
The committee also expects to introduce a substitute amendment taking the bill to base to reflect current levels of state spending. Base year doubled, regularly used as a starting point for budget comparisons, amounts to $83 billion in all funds for 2021-23. Evers proposed spending more than $91 billion in all funds in the budget he released in February.
The committee plans to work off current law as it puts together its version of the budget.
The committee also will take up standard budget adjustments for agencies to cover costs such as staffing and leases over the next two years. It also will address sum sufficient appropriations, which include payments on principal and interest for borrowing as well as some business tax credits.
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