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Effects of the Revenue Caps
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Footnotes
1. “Property Tax Level in Wisconsin.” Paper (#13) written by Rick Olin of the Wisconsin Legislative Fiscal Bureau. This paper is available on the State of Wisconsin Home Page : www.legis.state.wi.us/lfb/index.html.
2. These figures total less than 100% because they do not include the state forestry tax.
3. Much of the increase in the tax levy for technical colleges occurred in the 1970’s. In recent years (1990-1995) the annual growth rate has been 7.1%
4. Data obtained in a telephone conversation with a representative of the Legislative Fiscal Bureau on 9-4-97. The changes in levy rates are as follows: Gross (1995-96 = +2.99%, 1996-97 = -6.29%),Municipal (1995-96= +5.14%, 1996-97 = +7.92%), County ((1995-96 = +6.05%, 1996-97 = -5.52%), K-12 (1995-96 = +0.93%, 1996-97 = -16.39%), Technical Colleges (1995-96 = +6.65%, 1996-97 = +5.76%).
5. In Act 27, which was passed in 1995, state support for elementary and secondary education increased from $3.03 billion in 1995-96 to $4.02 billion in 1996-97. On average, two-thirds of the costs of education will be assumed by the state.
6. If the increased costs of fringe benefits exceed 1.7%, the employer is allowed to reduce the salary component of the qualified economic offer in order to fund the higher fringe costs. However, if the fringe increase is less than 1.7%, there is no requirement that this additional money be applied to salaries. For additional information on Acts 16 and 27, including the Qualified Economic Officer, see “Local Government Expenditures and Revenue Limits.” Paper (# 12) written by Bob Soldner, Tony Mason, and Rick Olin)of the Wisconsin Legislative Fiscal Bureau. This paper is available on the State of Wisconsin Home
Page : www.legis.state.wi.us/lfb/index.html.
7. “Taxes May Drop, Then Go Up.” Taken from The Milwaukee Journal Sentinel Online Main Page, April 30,1997. Internet Address: www.onwis.com/archive/autoarc/97043taxesmaydropthengoup.html.
8. The Legislative Fiscal Bureau identifies 92 districts which lost student population from 1993-94 to 1995-96; fifty-five (60%) participated in this study. The Legislative Fiscal Bureau also identifies 82 districts which gained 9% or more students from 1993-94-1995-96; 54 (66%) participated in this study.
9. Two hundred and ninety-two districts reported a figure for 1996-97; fifteen did not.
Posted February 4, 1998
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