Milwaukee Public Schools
advances state tax disclosure proposal
Milwaukee’s school board has advanced a pioneering resolution
that could lead to all Wisconsin’s school districts demanding
meaningful state tax disclosure legislation.
On Aug. 9, 2007, the Legislation, Rules and Policies Committee
of the Milwaukee Public Schools Board voted 5-0 to urge the Wisconsin
Association of School Board to support comprehensive tax disclosure
legislation. The resolution goes to the entire MPS Board on Aug.
30.
The resolution, crafted by MPS Board President Peter Blewett, recognizes
that schools are dependent on a reliable stream of adequate state
revenue. But as the resolution states, “few members of the
public have access to accurate and current information about who
actually pays Wisconsin taxes and how much they pay.”
The resolution urges the state’s school boards to endorse
a tax disclosure law that would require three elements:
»A regular tax incidence study, “showing how tax
responsibility is distributed among income groups and other categories”
»A regular report on tax expenditures (“tax credit,
deduction and exemption programs that reduce state and local revenue”)
»And publicly accessible data on
state corporate income taxes.
All three items are important elements of tax disclosure, which
IWF strongly endorses.
Click here for the
full text of the MPS resolution.(Word doc) |