State Senator Mary Lazich (R-New Berlin) represents parts of four counties: Milwaukee, Waukesha, Racine, and Walworth. Her Senate District 28 includes New Berlin, Franklin, Greendale, Hales Corners, Muskego, Waterford, Big Bend, the town of Vernon and parts of Greenfield, East Troy, and Mukwonago. Senator Lazich has been in the Legislature for more than a decade. She considers herself a tireless crusader for lower taxes, reduced spending and smaller government.
The recent ruling by Dane County Judge Juan Colás that 2011 Wisconsin Act 10 is unconstitutional could have a negative effect on Wisconsin local government’s credit ratings. A report released explains the recent court ruling could materially restrict local governments budget flexibility at a time budget challenges do not show signs of letting up. Below is Governor Walker’s press release.
Moodys’: Act 10 Court Ruling Credit Negative
Madison—Today, Moodys’ released an article titled, “Wisconsin’s Act 10 Ruled Unconstitutional; Credit Negative for Local Governments.”
“Our budget reforms not only balanced Wisconsin’s $3.6 billion budget deficit, but they also gave local units of government and school boards the ability to effectively manage their budgets,” said Governor Scott Walker. “Moodys’ statement about the recent court ruling underscores the importance of receiving a stay on the decision. Moody’s recognizes the importance and positive impact of the reforms contained in Act 10. Hopefully local units of government in Wisconsin will not have to take on unnecessary debt obligation costs, which would likely fall on the next generation.”
Below is an excerpt from Moodys’ release today:
Ultimate repeal of these Act 10 provisions would be a credit negative for Wisconsin (Aa2 stable) local governments because it would materially restrict their budgetary flexibility at a time when budgetary challenges show no signs of letting up.