The recently enacted local government funding legislation (2023 Wisconsin Act 12) imposes significant changes to the shared revenue program, eliminates the personal property tax, and creates an innovation fund to encourage consolidation and transfer of services to promote cost savings. However, as a late-session compromise to gain the support needed to pass this legislation, Act 12 was amended to include provisions for how construction in tax incremental districts (TIDs) will be treated under levy limits that will impact newly created TIDs beginning next year.

As your disclosure dissemination agent, we want to make you aware of an important public statement the Securities and Exchange Commission (SEC) released last week. In it, SEC Chair Jay Clayton and Rebecca Olsen, Director of the Office of Municipal Securities, stressed the heightened importance of disseminating timely disclosures to investors due to the potential financial impacts of COVID-19, as well as encouraging municipal issuers to voluntarily provide meaningful forward-looking information with respect to both issuer and issue-specific implications of the pandemic.

With the onslaught of potential short- and long-term uncertainties municipalities and public agencies may face due to the impacts of COVID-19, Ehlers' advisors discuss three financial tools every community can leverage to better prepare and position themselves

Protecting the safety and health of our employees, their families and our clients is our top priority. Ehlers has protocols in place to help us do just that.

Due to the COVID-19 Virus, Ehlers elected to cancel its Minnesota School Finance Seminar

Many Ehlers' clients and contacts may have received an email from firm Principal and Senior Municipal Advisor James Mann with the subject line "EHLERS-INC". The email is fraudulent. Please delete the message immediately.

On August 20, 2018, the Securities and Exchange Commission (SEC) announced amendments to Rule 15c2-12 of the Securities Exchange Act (the "Rule") to include two additional reportable events, increasing the number of required event notices to 16.