Fund To Close

The fund was scheduled to be closed under the budget put forward by the Walker administration.

For example, see the budget brief available from the Wisconsin Department of Administration. On page 55, it states:

Reduce the Size of State Government

The budget reduces a number of state FTE positions as a result of eliminating almost 200.0 FTE positions that have been vacant for one year or longer. The budget eliminates several programs as well, including the Educational Approval Board and the state's federal surplus property program, as efficiency measures. The budget also eliminates the Local Government Property Insurance Fund. The fund will be closed to new policies with the passage of the budget and existing policies will not be renewed after January 2016. When the fund was created many local units of government did not have access to property insurance. With Wisconsin's highly competitive insurance market, local units of government now have access to a wide array of property insurance products.

This item has also been mentioned on the web by:

Kenosha News (4 March 2015)

Wisconsin State Journal (28 Feb 2015)

Walworth County Administrator David Bretl (17 Feb 2015)

State Senator Jon Erpanbach (19 Feb 2015)

Wisconsin Counties Association, see Page 9 of the document (4 Feb 2015)

According to Bretl, "State Rep. John Nygren, co-chairman of the Joint Finance Committee, indicated that the Legislature probably would not wrap up its review until the Memorial Day weekend". So, we'll know more then....

July 10 2015 - Fund has been granted a reprieve. Amazing....

Wisconsin Association of School Boards (10 July 2015)

Legislative Fiscal Bureau (10 July 2015)

National Law Review (10 July 2015)

Now, the fund is winding up. See https://oci.wi.gov/Pages/Funds/LGPIFOverview.aspx