City of Madison, Wisconsin | Legislative Information Center
Share to Facebook Share to Twitter Bookmark and Share
File #: 28402    Version: 1 Name: State Shared Revenue Program
Type: Resolution Status: Passed
File created: 11/16/2012 In control: COMMON COUNCIL
On agenda: 11/27/2012 Final action: 11/27/2012
Enactment date: 11/28/2012 Enactment #: RES-12-00867
Title: State Shared Revenue Program
Sponsors: Paul R. Soglin, Mark Clear, Scott J. Resnick, Sue Ellingson, Matthew J. Phair
Date Ver.Action ByActionResultAction DetailsMeeting DetailsWatch
11/27/20121 COMMON COUNCIL Adopt Under Suspension of Rules 2.04, 2.05, 2.24, and 2.25Pass Action details Meeting details Not available
11/19/20121 Mayor's Office RECOMMEND TO COUNCIL TO ADOPT UNDER SUSPENSION OF RULES 2.04, 2.05, 2.24, & 2.25 - MISC. ITEMS  Action details Meeting details Not available
Fiscal Note
No appropriation is required.

It is estimated that the city will receive $6.1 million in shared revenue and utility aid payments in 2013. This is approximately $4.1 million (40%) less than the amount received in 2002. This amount is equivalent to $45 in property taxes on the average value home and represents 1.5% of general fund revenues.

Title
State Shared Revenue Program
Body
WHEREAS, shared revenue funding for municipalities has been cut by $57.6 million in 2004, $23.1 million in 2010; and $47.7 million in 2012; and

WHEREAS, the most recent reductions cut Madison's shared revenue payment by 25 percent, from $6.35 million in 2011 to $4.33 million in 2012; and

WHEREAS, for over ninety years the state shared revenue program has been a key component of Wisconsin's state and local relationship and an important part of the state's overall program of property tax relief; and

WHEREAS, Governor Walker and legislative leaders have made job creation and economic growth a top priority; and

WHEREAS, to create jobs and economic growth, municipalities must invest in services that businesses demand, like police protection, fire suppression, road maintenance, and snowplowing; and

WHEREAS, to create jobs and economic growth, municipalities must invest in infrastructure that businesses demand, like sewer pipes, water mains, roads, culverts, and bridges; and

WHEREAS, to create jobs and economic growth, municipalities must invest significant funds in a variety of development tools, such as development incentives and grants, business incubators, recruitment and retention efforts, community branding, public/private partnerships, economic development networks, urban service area extensions, and tax incremental financing districts; and

WHEREAS, a strong infrastructure for economic growth, which includes an efficient and effective transportation sytem to serve the workers and business community, is vital and necessary to the future of our state; and

WHEREAS, ...

Click here for full text