WI Senate GOP Budget Plan Includes Increased Borrowing To Fund Transportation Projects

WI Senate Republicans released a budget plan Tues. which includes a $712 million in borrowing to help cover the state’s transportation funding needs and allows a number of road projects to move forward. The plan spends $212 million more than Gov. Walker initially proposed and is built on the transportation plan originally introduced by him, including increases in local government aids outlined in February.  Read more here.

MWFPA Convention Registration, Exhibitor Prospectus Now Available – Get Your Booth Today!!

The Exhibitor Prospectus for MWFPA’s 113th Annual Convention and Trade Show, being held at the Mayo Civic Center in Rochester, MN, is now available! Register for your booth today!

The Convention will take place November 28 – 30, 2017. Don’t miss the chance to put your company in front of food processing professionals from across the country and around the world.

The MWFPA Convention and Trade Show is our premier event bringing together leaders in the food processing industry to discuss trends, view new technologies, share expertise, and network with professionals in different companies and disciplines.  This is one event your company won’t want to miss.

Download a copy of the Exhibitor Prospectus and exhibitor registration form now by clicking here.  Additional information about the convention will be posted to our convention website as it becomes available.  Registration forms can be submitted via email, fax or mail. There is no online registration for exhibitors.

You can reserve your rooms now by going to:http://www.rochestercvb.org/2017mwfp/.

You can register for the 113th Annual MWFPA Convention and 90th Processing Crops Conference by downloading the registration form here.

IL House Overrides Rauner; 2-Year State Budget Impasse Ends

The IL House on Thursday voted 71-42 to override Gov. Bruce Rauner’s vetoes of a budget plan and income tax hike after a hazmat situation forced a lockdown of the Capitol building. After more than two years, the state now has a budget.

The House vote came two days after the IL Senate overrode Rauner’s veto of the appropriation, revenue, and implementation bills approved by both chambers over the weekend. Rauner has not supported any plan that failed to include elements of the reform agenda he says he was elected to enact, including a property-tax freeze, legislative term limits, changes to pension benefits for state employees, and changes to the workers’ compensation insurance system to cut costs for businesses.

The governor called the veto override another step in the state’s “never-ending tragic trail of tax hikes.”

Democrats who control the legislature and nearly a dozen of the governor’s fellow Republicans voted to override his vetoes of a $36 billion spending plan and across-the-board tax hikes amounting to a 32 percent increase in the personal income tax rate. Individuals will pay 4.95 percent instead of 3.75 percent. The corporate rate jumps to 7 percent from 5.25 percent.

The IL State Capitol went on lockdown Thursday afternoon and delayed the vote as hazmat crews investigated a suspicious powder found in the governor’s office. The Capitol was given the all clear around 3:30 p.m.

The budget is retroactive to July 1, the start of the fiscal year.

IL House Poised To Vote On Budget Veto Override

IL House Speaker Mike Madigan has called for the House to convene at 1:30 p.m. today to override Gov. Bruce Rauner’s veto of a budget package that includes an income tax increase. The package would increase the state’s personal income tax from 3.75 percent to 4.95 percent and corporate income tax from 5.25 percent to 7 percent.

The budget package cleared the House on Sunday. The IL Senate quickly passed the package on July 4, then quickly voted to override Rauner’s vetoes which came down quickly on Tuesday.

IL Senate Overrides Governor’s Veto Of Budget And Tax Increase, House Expected To Follow

IL’s Republican Gov. Mark Rauner vetoed a budget plan that gained final approval from the Democratic General Assembly earlier Tuesday. But less than an hour later, the State Senate overrode his vetoes of the three bills in the package.

The budget package would raise taxes on businesses from 5.25 to 7 percent and from 3.75 to 4.95 percent on individuals. No substantial reforms on property taxes, workers comp or pension is in the Democrats’ plan. The measures now await action in the House, where 15 Republicans broke ranks with the Gov. over the weekend to approve them. Expectations are that the House will join the senate in voting to override Rauner’s veto.

The accompanying spending plan would have the state spend a little more than $36 billion, about $4 billion more than it currently takes in from taxes

After overriding the Gov’s vetoes the Senate remains in “continuous session” and has recessed until the call of the Senate President.  No date for the Senate to return has been specified.