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U.S. Department of Treasury Approves Governor’s Economic Opportunity Zone Designations

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House Speaker Paul Ryan Says He is not Rrunning for Re-Election

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Spring School Referenda Raises Taxes $563 Million Statewide

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We Energies Kenosha County Coal Plant Shuttered

One of Wisconsin’s largest coal power plants has permanently closed.

We Energies says the Pleasant Prairie facility in Kenosha County was taken off line this week. The utility company previously announced it would be closing the coal-fired plant because of changing energy economics. More utilities are using natural gas and renewable energy sources.

 

Trade Dispute Escalates as President Threatens $100 billion More in China Tariffs

President Donald Trump on Thursday directed U.S. trade officials to identify tariffs on $100 billion more Chinese imports, upping the ante in an already high-stakes trade confrontation between the world’s two largest economies.

The further tariffs were being considered “in light of China’s unfair retaliation” against earlier U.S. trade actions, which included a proposed $50 billion of tariffs on Chinese goods, Trump said in a White House statement.

Chinese state media slammed Trump’s threat of more trade action against China as “ridiculous.”

On Tuesday, USTR proposed 25 percent tariffs on more than 1,300 Chinese industrial and other products from flat-panel televisions to electronic components. China shot back 11 hours later with a list of proposed duties on $50 billion of American imports, including soybeans, aircraft, cars, beef and chemicals.

“Rather than remedy its misconduct, China has chosen to harm our farmers and manufacturers,” the Republican president said.

Republican lawmakers from Western and Midwestern states have voiced worries about a big hit to U.S. farming exporters.

Major Highway Projects Reporting Bill Signed

Changes to state law aimed at improving the way the Wisconsin Department of Transportation (DOT) budgets and reports major highway project costs were enacted by Governor Walker.

The legislation was prompted by the findings in a Legislative Audit Bureau audit of the State Highway Program and was introduced by the Joint Legislative Audit Committee which is chaired by Representative Samantha Kerkman (R-Salem Lakes) and Senator Robert Cowles (R-Green Bay). The audit report showed that DOT consistently underestimated the true costs of projects, including disregarding inflationary increases due to delays.

2017 Wisconsin Act 247:

Clarifies that when providing major project cost estimates to the Transportation Projects Commission (TPC), the estimate must include all costs associated with the project, including; design engineering and construction engineering costs; the costs of environmental studies; costs of the project that are paid by another DOT program; the expected date of completion; an estimate of the effects of construction cost inflation; and unexpected costs on the cost of the project.

Requires DOT’s semi-annual status report to the TPC to include the full project cost estimate of each project as of the date of the TPC’s approval of the project. This is in addition to the current required information (for each major highway project, the actual and estimated project costs as of the date of the preparation of the report, itemized by major cost categories, on both a cumulative basis from the project’s inception and on an updated basis for the period since the last six-month report.)

Requires DOT to consider and document the results of the uniform cost benefit analysis (required under current law for proposed engagements involving an estimate expenditure of more than $300,000) before determining whether to undertake a proposed engagement for
engineering, consulting, surveying, or other specialized services.

 

Dallet Defeats Screnock, State Treasurer Office Saved in Referendum

In another election underscoring the enthusiasm gap between Democratic and Republican voters, Milwaukee County Circuit Court Judge Rebecca Dallet handily defeated her conservative opponent Sauk County Judge Michael Screnock in the race for Wisconsin Supreme Court.

With 96 percent of the vote in, Dallet had 56 percent of the vote to Screnock’s 44 percent. Her victory came largely on the strength of the Democratic vote in Dane County which voted an astounding 80 percent for the liberal candidate.

Meanwhile, Screnock underperformed in the critical WOW counties for Republicans: Waukesha, Ozaukee and Washington. While turnout in those counties kept up with Dane County, the conservative percentage of the vote did not keep up.

The other statewide result from Tuesday’s election was the defeat of a referendum to eliminate the office of the state treasurer. The constitutional amendment to eliminate the largely powerless elected office failed 61 percent to 39 percent.

 

Wisconsin Growers, Producers Weigh Impact of Chinese Tariffs

Growers and producers are concerned about what the tariffs may mean for their industries.

China slapped a 25 percent tariff on United States pork products, including everything from hind legs to chops. More than $1 billion in U.S. pork was shipped to China last year. Wisconsin produced 305,000 hogs in 2017, according to national statistics. Vaassen hopes the tariffs will be short-lived.

Tammy Vaassen, Wisconsin Pork Association executive vice president, said Wisconsin producers exported about a quarter of the pork produced in the U.S. to overseas partners. Of that amount, China was the third largest market last year.

“They’re very dependent on our export opportunities,” she said. “If we take away some of those opportunities, we certainly need to add to that or we’re going to lose farmers based on the financial implications that will occur.”

China has also placed a 15 percent tariff on cranberries. Tom Lochner, Wisconsin Cranberry Growers Association executive director, said they’ve been trying to grow markets in China due to an oversupply of cranberries driving down prices.

“The Chinese market and India have been identified as important new markets for cranberries in North America, so we just started our efforts in China to grow that market there,” he said. “We have a small footprint there and we’re trying to grow that. Things that make our products uncompetitive or more expensive in China are obviously going to have an impact on those efforts.”

President Donald Trump is preparing to impose around $50 billion in tariffs on Chinese goods.

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Trump: Infrastructure Overhaul Will Likely Come After Midterms

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