Our latest research finds in 2021, Wisconsin room tax collections rebounded -- as did leisure travel -- from the pandemic plunge of 2020.
But it took until 2022 for revenues to recover in cities such as Milwaukee and Madison, which rely on business travel.
Click the link to learn more: https://wispolicyforum.org/research/room-tax-revenues-rebound/
Our 2021 Metro Milwaukee Innovation DataTool explores the area’s performance on 17 indicators tied to innovation and economic development.
To help assess how Metro Milwaukee is faring relative to comparable communities, the DataTool features comparisons with 10 peer metro areas.
The data show Metro Milwaukee leads many peer metros in its concentration of worker talent in occupations linked to innovation and economic development. But it's trending downward or lags peers on metrics such as productivity, global exports, and venture capital investment. https://wispolicyforum.org/metro-milwaukee-innovation-datatool/
The 2022 edition of our annual City of Milwaukee budget brief finds an unprecedented infusion of federal pandemic aid should provide substantial relief for the city's budget imbalance for the next three years. As shown in this visual, Mayor Tom Barrett proposes to spend #ARPA dollars over the next 3 budgets to address immediate needs and invest on a one-time basis in some longer-term priorities.
But while the arrival of $394.2 million in federal #ARPA dollars is a very welcome development for city finances, it will only delay a reckoning with challenges including a looming pension crisis and stagnant state and local revenues.
It may also widen the structural fiscal imbalance the city faces in future budgets, with public safety positions among those at risk.
Click the link to read the report: https://wispolicyforum.org/research/budget-brief-2022-proposed-city-of-milwaukee-budget/
Today we're unveiling the 2021 update to our Property Values and Taxes DataTool, with interactive data for all 72 Wisconsin counties and 1,852 municipalities. It also highlights property value and tax trends statewide and for southeast Wisconsin and Dane County.
For 2021, we find total equalized property values in Wisconsin increased 6.8%, the largest one-year increase since 2006. The overall increase was buoyed by residential property values that also saw their largest increase in that time period.
For more statewide findings, or to glean your own insights into property value and tax trends in communities near you, click the link to access the interactive Property Values and Taxes DataTool.
https://wispolicyforum.org/research/2021-property-values-and-taxes/
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