SB 176

Under this bill, once the local professional baseball park district consisting of

the counties of Milwaukee, Racine, Waukesha, Ozaukee, and Washington certifies

to the Department of Revenue that it has paid the district's bond obligations and fully

funded reserves for maintenance and operating costs, DOR must distribute the

excess special district sales and use tax revenues collected from the district to the

counties that make up the district and to the municipalities within those counties.

DOR determines each county's proportionate share of the revenue to be distributed

based on tax revenues derived from each county. The county receives 25 percent of

that amount and the remaining 75 percent is distributed to each city, village, and

town in the county based on population. The bill requires each county and

municipality to deposit the revenue into a segregated account and be used only for

property tax relief, tax levy supported debt relief, economic development, public

safety, local roads, or public parks. However, a county or municipality may not make

expenditures from the account without first adopting a resolution specifying the

amount and purpose of the expenditure.