AB 308

Generally, under current law, local levy limits are applied to the property tax

levies that are imposed by cities, villages, towns, or counties (political subdivisions)

in December of each year. Current law prohibits a political subdivision from

increasing its levy by a percentage that exceeds its "valuation factor," which is

defined as the greater of either zero percent or the percentage change in the political

subdivision's equalized value due to new construction, less improvements removed.

Also under current law, as established by

2013 Wisconsin Act 20

, a political

subdivision must reduce its allowable levy by the estimated amount of any revenue

from fees or payments in lieu of taxes if the revenue is received for providing certain

"covered services" that were funded with property tax revenues in calendar year

2013. The "covered services" are garbage collection, fire protection, snow plowing,

street sweeping, and storm water management.

This bill repeals the requirement that a political subdivision must reduce its

allowable levy by the estimated amount of revenues received for providing covered

services that were funded with property tax revenues in calendar year 2013.