State Budget Update: A Tale Of Two Houses

The two houses of the Wisconsin State Legislature passed widely differing versions of the 2007-09 Wisconsin State Budget Bill.  Below is what each house proposed.

State Senate Proposal

The Governor’s budget bill passed the Democratic-controlled State Senate last month on a party line vote of 18-15.  Here is a summary of the Senate’s major budget provisions:

Healthy Wisconsin: Just prior to the public release of their budget proposal, Senate Democrats added this surprise $15.2 billion amendment, which would create a state-run universal health care program.  The funding for the program would come from a payroll tax on Social Security wages of 10.5% on employers, 10% on sole proprietors, and 4% on employees.  A board of directors that would have the authority to adjust these tax rates would administer the plan. 

During its short life, Healthy Wisconsin has generated intense passion and criticism from both sides of the political spectrum.  Forward Janesville members submitted numerous comments on Healthy Wisconsin to FJI staff and their local legislators.  Opinions on the proposal ran the gamut from: “It is a move in the right direction;” and “It may not be perfect, but it is infinitely better than doing nothing,” to “The plan would be a terrible burden on my business;” “Our premiums would more than triple under the plan;” and “Healthy Wisconsin will result in the direct layoff of at least one employee at my office.”  After much deliberation, FJI’s Government Relations Council and Board of Directors decided to oppose Healthy Wisconsin (see story in this issue). 

Autism Insurance Mandate: The Senate-passed budget includes a proposal to require health insurance plans sold in Wisconsin to provide coverage for treatment of autism spectrum disorders.  This proposal has been championed by our local legislative delegation, especially Senator Judy Robson and Representative Kim Hixson, who have each authored stand-alone bills on this issue. 

Tax and Fee Increases: The Senate’s budget includes the Governor’s proposals to:

·        Increase cigarette taxes by $1.25 per pack;

·        Tax oil company gross profits at a rate of 2.5%;

·        Double the real estate transfer tax;

·        Increase automobile registration fees; and

·        Increase the allowable property tax levy limit to 4% or new construction, whichever is greater, which would raise property taxes by $1.2 billion statewide.

Transportation Funding: The Governor had proposed moving $164 million in general purpose revenue (GPR) obligations, including school transportation and the civil air patrol, under the umbrella of the Transportation Fund.  The Senate’s budget includes only the first year of the conversion of these existing appropriations.  FJI opposes both years of these Transportation Fund raids, and believes the integrity of the Fund must be maintained. 

Wisconsin Assembly Proposal

Meanwhile, the Wisconsin State Assembly approved its version of the 2007-2009 state budget on July 10.  The Assembly’s budget stands in marked contrast to the budget passed by the Wisconsin State Senate.  The Assembly’s plan rejects Governor Doyle’s proposal to raise taxes on oil companies, hospitals and smokers, and eliminates the Healthy Wisconsin proposal.  It also provides a number of tax cuts, and includes an income tax exclusion for health savings accounts which Forward Janesville has long supported. 

The Assembly’s budget:

·        Enacts a property tax freeze that would limit levy increases to the growth in value of new construction and provide more than $200 million in additional revenue for the local levy credit.

·        Reduces the real estate transfer fee from $3 per $1,000 of value to $1 by 2011.

·        Provides an income tax deduction for contributions to health savings accounts and creates a corporate income tax credit for workplace wellness programs.

·        Includes a new state income tax deduction for health insurance premiums paid by employees. 

·        Would stop single people younger than age 65 from qualifying for the Homestead Tax Credit.

·        Creates an income tax exclusion for retirement income, beginning at $500 in 2008 and increasing to $20,000 annually by 2029.

·        Provides various smaller tax cuts, including increases in deductions for college tuition and child care.

The Assembly’s budget would pay for these provisions by cutting the University of Wisconsin System by more than $100 million, reducing funding for public schools by $85 million, cutting state aid to Wisconsin counties by a minimum of 5 percent, and requiring state employees to pay more for health insurance.  The Republican proposal also eliminates Doyle’s plan to create BadgerCare Plus, which would expand health coverage in the state, and his expansion of Family Care, which helps the needy remain in their homes rather than forcing them to move to nursing homes.  The budget also does away with Doyle’s proposed Wisconsin Covenant, which would guarantee higher education opportunities for Wisconsin students who maintain B averages. 

So What Does This All Mean?

In many ways, both the Senate- and Assembly-passed budgets look more like wish lists than actual legislative proposals.  Finding common ground between these vastly divergent proposals will be extremely difficult, and both sides acknowledge that the final negotiations could stretch well into the fall.  Now that the rhetorical posturing is ending, a bipartisan conference committee will get down to the real business of forging a compromise that both sides can live with.  Stay tuned to ForwardJanesville.com to stay up to date on the negotiations, and look for FJI Action Alerts on key issues that affect Janesville’s business community. 

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