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AB1106,,6615.437 Same; councils. (1) Shared revenue advisory council. (a) Not later than August 15 of the first year following the federal decennial census, there is created in the department of revenue a temporary shared revenue advisory council consisting of the following 10 members:
AB1106,,771. Three senators, appointed as are the members of senate standing committees.
AB1106,,882. Three representatives to the assembly, appointed as are the members of assembly standing committees.
AB1106,,993. A representative of the League of Wisconsin Municipalities, designated by the president thereof.
AB1106,,10104. A representative of the Wisconsin Towns Association, designated by the president thereof.
AB1106,,11115. A representative of the Wisconsin Counties Association, designated by the president thereof.
AB1106,,12126. The secretary of revenue, or the secretary’s designee, who shall be a nonvoting member and serve as chairperson.
AB1106,,1313(c) Each shared revenue advisory council terminates upon complying with the requirements under s. 79.03 (2) (e).
AB1106,214Section 2. 79.03 of the statutes is created to read:
AB1106,,151579.03 Shared revenue advisory council. (1) In this section, “equalized value” means the equalized value certified by the department of revenue under s. 70.57.
AB1106,,1616(2) The shared revenue advisory council shall do all of the following:
AB1106,,1717(a) Acquire information regarding the population and equalized value of each county and municipality.
AB1106,,1818(b) Study county and municipal revenue and expenditure variations among different categories of counties and municipalities based on population.
AB1106,,1919(c) Review and evaluate the existing formulas for the distributions under ss. 79.036 and 79.037 and determine the fairness of distributions among counties and municipalities, as reflected in each of the following:
AB1106,,20201. The formula for distributions under s. 79.035, as impacted by the distributions under s. 79.035 effective for 2001 and by subsequent reductions in aid distributed under s. 79.035.
AB1106,,21212. The formula for distributions under s. 79.037 effective for 2024.
AB1106,,22223. Any other formula for distributions under ss. 79.036 and 79.037 established after the effective date of this subdivision .... [LRB inserts date].
AB1106,,2323(d) Make recommendations for a formula for the distributions under ss. 79.036 and 79.037 for the next odd-numbered fiscal year, as described in s. 20.902, including distributions of any balance in the local government fund under s. 25.491 and the estimated annual amounts to be credited to the local government fund under s. 25.491 (2) and (9) in that year. The shared revenue advisory council may not make a recommendation that decreases the total amount of distributions under ss. 79.036 and 79.037 received by any county or municipality. In making recommendations under this paragraph, the shared revenue advisory council shall do all of the following:
AB1106,,24241. Take account of changes in the population and equalized value of counties and municipalities.
AB1106,,25252. Include in the formula a component for distributing aid to compensate counties and municipalities that experience substantial decreases in equalized value.
AB1106,,26263. Include in the formula a component that improves the equity of distributions among counties and municipalities compared to each of the following:
AB1106,,2727a. The formula for distributions under s. 79.035, as impacted by the distributions under s. 79.035 effective for 2001 and by subsequent reductions in aid distributed under s. 79.035.
AB1106,,2828b. The formula for distributions under s. 79.037 effective for 2024.
AB1106,,2929c. Any other formula for distributions under ss. 79.036 and 79.037 established after the effective date of this subd. 3. c. .... [LRB inserts date].
AB1106,,3030(e) Not later than January 1 of the 2nd year following the federal decennial census, the shared revenue advisory council shall do all of the following:
AB1106,,31311. Submit a report containing the review and evaluation under par. (c) and the recommendations under par. (d) to the legislature under s. 13.172 (2).
AB1106,,32322. Request that the legislative reference bureau prepare legislation that gives effect to the recommendations under par. (d).
AB1106,,33333. Request that the legislative fiscal bureau prepare a fiscal analysis of the legislation prepared under subd. 2.
AB1106,,3434(3) The department of revenue shall provide the shared revenue advisory council with assistance in performing its duties under sub. (2).
AB1106,,3535(end)
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