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Wisconsin's Problems "Balancing" the Budget
For years, Governors and legislatures have been claiming that budgets passed have been in balance, as state statutes mandate. However, organizations like the nonpartisan nonprofit, Wisconsin Taxpayers Alliance (WTA) and others contend the state's cash accounting system has often used tricks, such as moving payments into the next fiscal year to meet state statutes.
Despite that, credit rating agencies, like Standard and Poor's have rated the state's fiscal health well above average, with bond marks at AA status, the second highest level under the S&P grading chart. According to the WTA, with a $13 billion-plus outstanding debt load, Wisconsin rates high because of its ability to tax. States and municipalities, unlike businesses, can tax their way out of financial straits - and they often do. There appears to be a movement afoot currently to alter past practice, but only time will tell.
State Moves to End "Shift Stacking"
The 2012-13 Employee Compensation plan recently proposed by the Office of State Employment Relations' will, among other things, eliminate a state employee's ability to "stack" shifts. This is a process whereby an employee: calls in sick, is credited with a day's sick pay, turns around and signs up for the following shift, thereby allowing the employee to receive 16 hours of pay for 8 hours of work (8 hrs. sick pay plus 8 hrs worked).
Potential Changes in CPI to Save Money
Concern is mounting over the possibility of the federal government entertaining recommendations that would change the way Social Security calculates inflation. MORE
Update on Wisconsin Reforms
In an effort to keep state residents updated regarding the impact of the Administration's reforms, the Governor's office has a established a new website, www.reforms.wi.gov containing pertinent data. The website will be updated as more data becomes available and more results become public. The Chamber has not verified the accuracy of the information found on the site.
Unemployment Insurance Reform Stalls in Legislature
By statute, the Unemployment Insurance Advisory Council (UIAC) consists of representatives from both employers and employees. Every two years the Council develops and negotiates a set of "agreed on" recommended changes in the UI law, which are then submitted to the Legislature. The legislature traditionally passes the "agreed on" bill without amendment. MORE
Wisconsin Requests ObamaCare Waiver
The request was made over concerns related to the Medical Loss Ratio requirement in the law. MLRs are the rates insurance companies pay. MORE
State Bills "In The Hopper"
AB 233 - Prevailing Wage Exemption MORE |