MADISON— The Wisconsin Department of Revenue (DOR) distributed the following shared revenue and property tax credit payments, Monday, July 26, 2021 to counties, municipalities, school districts, technical colleges and special districts. This is the first distribution for FY2022. The next distribution will be in November 2021.
|ESTIMATED SHARED REVENUE AND PROPERTY TAX CREDIT DISTRIBUTIONS|
|First Dollar Credit||$147,531,999.81|
|School Levy Tax Credit||$939,999,999.85|
|Video Service Provider Aid||$10,000,000.00|
|Exempt Computer Aid||$98,047,058.69|
|TOTAL JULY DISTRIBUTION||$1,370,569,213.09|
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.