Ruling Triggers Rise in State Sales Taxes, Potential Cut in Income Taxes
Until recently, whether an internet retailer collected state and local sales taxes depended in part on whether it had a physical presence in the state. A new decision by the U.S. Supreme Court has reversed its previous ruling, allowing Wisconsin...Read More
Wisconsin’s birth rate is falling, but why?
Wisconsin’s birth rate is at its lowest point in at least a generation. Annual births are at a near-low for the time period, and the fertility rate has declined as well over the past decade. Given the state’s recent history...Read More
Municipal Street Quality: A Bumpier Ride?
Street quality in Wisconsin municipalities has declined modestly over the past seven years. From 2010 to 2017, the share of high quality roads has declined while the share of moderate-quality roads has increased, with the trend most pronounced in small...Read More
How should local governments respond to declining transit ridership?
Bus ridership has decreased for most large transit systems in Wisconsin in recent years, following a national trend. So far, local governments have found ways to make up for lost fare revenue and avoid service reductions, though that may become...Read More
Local governments turn to “wheel taxes” as other revenues lag
In recent years, Wisconsin has seen a sudden increase in local governments establishing new vehicle registration fees. A local vehicle registration fee–otherwise known as a “wheel tax”–is an annual charge in addition to the state $75 registration fee for most...Read More
New CBO report raises concerns for deficit, federal aid
The federal tax cut approved in December and more recent spending legislation could have implications for state and local governments. According to a new Congressional Budget Office report, while both are expected to stimulate the economy, they also will lead...Read More
Is Municipal Debt Rising Too Fast?
Recent Wisconsin Policy Forum research finds stressful levels of capital debt in Milwaukee and Racine that are exacerbating other fiscal pressures. A review of other Wisconsin municipalities shows that debt levels are rising across the board, though few face the...Read More
Foxconn Could Bring Big Changes to Transportation, Transit
The planned Foxconn manufacturing complex in Racine County is requiring state and local leaders to rethink long-standing policies about infrastructure, jobs, economic development, and municipal service boundaries. At the recent Wisconsin Policy Forum annual meeting, a panel of speakers discussed...Read More
AFRs & CAFRs, Surpluses & Deficits
Two key financial documents appear to paint conflicting pictures of state finances in 2017. Accounting differences explain much of the discrepancy between a positive $579 million budgetary balance reported in the AFR and a negative $1.6 billion GAAP balance in...Read More