Assembly Bill 688 aims to provide additional supplemental county and municipal aid to cities, villages, and towns in Wisconsin with populations exceeding 50,000 as of 2022. Starting in 2026, these municipalities will receive a one-time payment of $16,257,500, which will be distributed proportionally based on their populations. Future payments will increase annually based on the percentage change in sales and use tax revenue from the previous fiscal year. The bill also stipulates that these additional payments will not be considered when determining eligibility for the expenditure restraint incentive program, which currently requires municipalities to maintain certain budgetary constraints.

Additionally, the bill establishes a Shared Revenue Advisory Council within the Department of Revenue, which will convene after each federal decennial census. This council will consist of various appointed members, including state legislators and representatives from municipal associations. Its responsibilities include studying revenue and expenditure variations among municipalities, evaluating existing aid formulas, and making recommendations for future aid distributions. Importantly, the council's recommendations cannot result in a decrease in total aid for any municipality. The bill amends existing statutes to incorporate these changes and create a framework for ongoing evaluation and adjustment of municipal aid.

Statutes affected:
Bill Text: 79.037(3), 79.037