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|
|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.