Wisconsin Senate Bill SB483

Wisconsin 2023-2024 Regular Session

• Introduced: 10/9/23
• Refer: 10/9/23
• Failed: 4/15/24

Caption

Baseball park district administration and funding for improvement of professional baseball park facilities. (FE)

Impact

A significant aspect of SB483 is the stipulation that the Milwaukee Brewers must make substantial financial contributions totaling $50 million for the maintenance and improvement of the baseball facilities, ensuring that the professional baseball team shares the financial responsibility. The bill introduces a sales and use tax exemption on building materials and services related to the baseball stadium, which could enhance investment in the facility while impacting local tax revenues.

Summary

Senate Bill 483 aims to provide funding for the development, construction, improvement, repair, and maintenance of baseball park facilities in Wisconsin, specifically for the Milwaukee Brewers’ home stadium. The bill establishes a baseball park facilities improvement fund where funds from state grants, local contributions, and other sources are deposited. It allows the Department of Administration (DOA) to provide short-term loans to the district overseeing the baseball park with strict repayment structures, promoting accountability in the use of funds.

Contention

While proponents argue that the bill will stimulate economic development and tourism by securing the Brewers in Milwaukee and improving the baseball park facilities, critics have raised concerns over the long-term financial implications for taxpayers. The requirement for local counties and the city to contribute annual payments into the segregated fund has sparked debate regarding fiscal responsibility and accountability in public expenditure, particularly as state funds are involved.