Friday, October 22, 2010

Inflation Factor Set at 3% for Expenditure Restraint Payments

Link to League of Wisconsin Municipalities October 21 Capital Buzz.

Excerpt: This effectively means that municipalities, with various adjustments, will be allowed a 3% to 5% increase in their general operations spending and still remain eligible for the program. More than 300 municipalities are eligible to qualify for payments under the program, which is currently funded at $58.1 million.

Link to Department of Revenue memo to Joint Committee on Finance.

Background info, including eligibility and payments.

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