Wisconsin Senate Bill SB1024

Wisconsin 2023-2024 Regular Session

• Introduced: 2/13/24
• Refer: 2/13/24
• Failed: 4/15/24

Caption

Increasing the limit on compensation of the executive director and staff of WHEDA. (FE)

Impact

The proposed changes in SB1024 could lead to significant shifts in WHEDA's operational structure, especially concerning its ability to attract and retain qualified leadership. By increasing the salary cap, WHEDA may enhance its competitive edge in recruiting top talent, which could, in turn, affect the agency's efficiency and effectiveness in addressing housing and economic development needs within Wisconsin. This change could be viewed positively by proponents who emphasize the importance of qualified leadership in achieving WHEDA's mission.

Summary

Senate Bill 1024, introduced on February 13, 2024, seeks to amend specific statutes regarding the compensation limits of the executive director and staff of the Wisconsin Housing and Economic Development Authority (WHEDA). Currently, the compensation for these positions is capped at the maximum salary for executive salary group 6. This bill proposes to increase this cap to 126.8% of that maximum salary, thereby allowing for potentially higher salaries for the executive director and employees. Furthermore, it allows WHEDA employees to earn wages that are equal to or exceed those of the governor.

Contention

Despite the potential benefits, SB1024 may face criticism from those concerned about the implications of increasing government employee salaries amidst broader fiscal challenges. Some legislators might argue that while attracting talent is important, such salary increases could set a precedent that affects state agencies adversely and contribute to budgetary issues. The discussions will likely pivot around balancing the need for effective governance against concerns of public expenditure and accountability.