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Improving Our Business Climate. A Policy Agenda for the Top 10 2013-2014 Legislative Session. Improving our Business Climate. Wisconsin has made significant progress in business climate rankings: CEO Magazine : 20 th (43 rd in 2008) CNBC : 17 th (37 th in 2008)

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improving our business climate

Improving Our Business Climate

A Policy Agenda for the Top 10

2013-2014 Legislative Session

improving our business climate1
Improving our Business Climate
  • Wisconsin has made significant progress in business climate rankings:
    • CEO Magazine: 20th (43rd in 2008)
    • CNBC: 17th (37th in 2008)
    • Site Selection Magazine: 13th
state budget
State Budget
  • After years of multi-billion dollar deficits, Wisconsin entered the 2013-2015 budget cycle with a surplus.
  • The surplus will enable income tax reductions and additional funding for public schools and the UW System.
state budget summary
State Budget – Summary
  • Total spending over the 2-year cycle is $68.24 billion – a 2.7% increase over the current budget.
  • The spending increase is driven by:
    • $2.05 billion increase in DHS
    • $393 million increase in UW System
    • $288 million increase in DPI
budget taxes
Budget - Taxes
  • General fund tax collections over the 2-year cycle are estimated at $28.5 billion.
    • Individual Income Tax - $15 billion (52.8%)
    • Sales & Use Tax – $9.1 billion (31.9%)
    • Corporate Income Tax - $1.8 billion (6.4%)
  • Budget proposes $1.03 billion in bonding, or 1.5% of revenue.
state budget fte positions
State Budget – FTE Positions
  • The budget proposes an additional 300 full-time state employee positions funded by GPR, driven by:
    • 183 positions at Dept. of Health Services
    • 66 positions at Corrections
    • 17 positions at Dept. of Justice
    • 16 positions at Dept. of Revenue
state budget tax policy
State Budget – Tax Policy
  • $340 million income tax reduction over the 2-year budget, targeted at taxpayers earning less than $161,180.
  • Continues implementation of manufacturing & agricultural production tax credit.
  • “Prior Audit” tax reform
  • Maintain property tax controls
state budget medicaid
State Budget - Medicaid
  • Governor proposed to set Medicaid eligibility at 100% of federal poverty level (FPL), as opposed to 133% (FPL) under “full” Obamacare expansion.
  • 133% FPL is equivalent of $15,282 for a single person, $20,628 for a married couple, or $31,322 for a family of 4.
state budget worker training
State Budget – Worker Training
  • Governor already signed $15 million worker training package, including Labor Market Information System.
  • Budget proposes additional $5 million for tech colleges, with a funding tie to skills gap.
  • Frees up $22 million in existing funding for areas of high demand.
state budget transportation
State Budget - Transportation
  • Revenue projected at $3.3 billion over the 2-year cycle:
    • $2 billion gas taxes
    • $1.2 billion vehicle registration fees
  • Budget also proposes $944 million in bonding for road projects.
regulatory reform
Regulatory Reform
  • Retroactively review and repeal obsolete regulations
  • Harmonize state and federal regulations
  • Ensure agencies regulate by rule instead of guidance
civil justice legal reform
Civil Justice & Legal Reform
  • Prevent plaintiffs from recovering phantom damages
  • Enact the Personal Injury Trust Claims Transparency Act
  • Provide transparency in government contingency contracts
  • Place reasonable limitations on lawsuit lending
  • Remove felons as a protected class under the Fair Employment Act
environment energy
Environment & Energy
  • Enact comprehensive iron mining reform
  • Align state and federal environmental standards
  • Streamline air permitting
  • Repeal the mining moratorium
environment energy1
Environment & Energy
  • Avoid expensive energy mandates
  • Hold the line on energy taxes
  • Repeal the moratorium on nuclear energy
jobs economic development
Jobs & Economic Development
  • Establish an effective venture capital program
  • Accelerate Technology Transfer
  • Establish a pro-jobs culture in government agencies
affordable health care
Affordable Health Care
  • Promote consumer-driven health care and access to cost and quality date
  • Repeal or reform the federal Affordable Care Act
  • Avoid mandates that increase insurance costs
  • Maintain an employer-based system
human resources employment law
Human Resources & Employment Law
  • Reform Wisconsin’s Family and Medical Leave Act (FMLA)
  • Reform Wisconsin’s Wage and Hour laws
  • Strengthen restrictive covenant protections
  • Strengthen cost controls for workers compensation
wmc contacts 608 258 3400
WMC Contacts(608) 258-3400

Kurt Bauer President/CEO

kbauer@wmc.org

Scott Manley

Vice President, Government Relations

smanley@wmc.org

Jason Culotta

Director, Tax and Transportation Policy

jculotta@wmc.org