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Fast facts on Wisconsin’s newly enacted biennial budget

Here’s a quick rundown on the 2023-2025 biennial budget.

WI state capitol

Check out the biennial budget documents on the DOA’s site.

Photo by 608today

Table of Contents

Gov. Tony Evers signed legislation enacting the 2023-2025 biennial budget last week. We’re breaking it down, highlighting a few major points, in 150 words.

Terms

  • Reimbursement rate: Tax-deductible value
  • GPR: General purpose revenue
  • Innovation grants: Financial backing for research + development
  • Revolving loan: Funds remain available to finance operations without fiscal year limitation. Think: Line of credit.

K-12

  • $30 million — school-based mental health services
  • $97 million GPR — achieve a yearly 33.3% special ed. reimbursement rate
  • $50 million — improve reading and literacy

Affordable housing

  • $1 billion — new limit on notes + bonds that WHEDA can issue to finance projects
  • $275 million — Residential Housing Infrastructure Revolving Loan Fund
  • $1 million GPR — yearly Homelessness Prevention Program funds

Infrastructure

  • $555.5 million — transportation projects
  • $300 million — innovation grants
  • $100 million — Local Roads Improvement Program

Environment/Agriculture

  • $125 million — address PFAS contamination
  • $1.6 million — Meat Processor Grant program
  • $100,000 GPR — yearly mental health assistance to farm families