WI SB694

Cities, villages, and towns with populations exceeding 50,000 in 2022 would receive additional supplemental county and municipal aid beginning in 2026, with $16,257,500 distributed proportionally among eligible municipalities based on population

Annual aid payments would increase each subsequent year by the percentage change in state sales and use tax revenue from the previous fiscal year

A temporary Shared Revenue Advisory Council would be created within the Department of Revenue following each federal decennial census, consisting of 8 members including legislators from both parties, representatives from municipal associations, and the secretary of revenue

The council must study revenue and expenditure variations among local governments, evaluate existing aid distribution formulas, and submit recommendations to the legislature by January 1 of the second year following each census

Expenditures of the additional supplemental aid would be excluded from calculations determining eligibility for the expenditure restraint incentive program, and the council is prohibited from recommending any decreases to total aid amounts received by any county or municipality