The Wisconsin Department of Revenue (DOR) kicked off the week with a distribution of the following shared revenue and property tax credit payments to counties, municipalities, school districts, technical colleges and special districts.
JULY 2020 – SHARED REVENUE AND PROPERTY TAX CREDIT DISTRIBUTIONS | |
First Dollar Credit | $149,415,365.19 |
County-Municipal Aid | $105,901,822.28 |
Utility Aid | $10,413,293.76 |
Expenditure Restraint | $59,311,699.61 |
School Levy Tax Credit | $940,000,000.03 |
Video Service Provider Aid | $5,000,000.00 |
Exempt Computer Aid | $98,047,058.69 |
TOTAL JULY DISTRIBUTION | $1,368,089,239.56 |
Wisconsin has a long history of sharing state revenues with local governments. State revenue sharing began in 1911 with the enactment of the state income tax and evolved over the years from a return-to-origins basis to a need-based system. More information on shared revenue can be found here.