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WHEFA Saves $3.9 Million for Wisconsin Non-Profits PDF Print E-mail
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Written by GOV Press Wisconsin   
Saturday, 27 July 2019 15:39

construction-workers2019 Fiscal Year in Review Report shows refinancing outstanding debt saved money, helped create an estimated 442 new jobs, and an estimated 1,009 construction jobs will be created for new capital projects.


MADISON — Gov. Tony Evers on Friday commended the Wisconsin Health and Educational Facilities Authority (WHEFA), which just issued its 2019 Fiscal Year in Review for the fiscal year ending June 30, 2019. The report indicates WHEFA saved Wisconsin non-profit institutions nearly $3.9 million by refinancing outstanding debt and completed 18 financings for such institutions totaling more than $1.3 billion.

WHEFA financings during this fiscal year will help create an estimated 442 new jobs and maintain 695 jobs, while an estimated 1,009 construction jobs will be created for new capital projects.

“Tax-exempt financing is an important and effective financing tool for non-profits," said Gov. Evers. “We are extremely appreciative of the great work WHEFA does on behalf of non-profit organizations throughout Wisconsin. The ability to obtain access to capital at the lowest cost is vital to our non-profits, and we look forward to our continued partnership with WHEFA."

Highlights from the fiscal year in review include 13 nonprofit borrowers at 33 Wisconsin locations, that benefited from the bond proceeds during the fiscal year 2019, including four long-term care organizations, five acute-care organizations, two private schools, and two non-profit facilities. These Wisconsin nonprofit organizations employ more than 52,000 people.

“This fiscal year will mark the end of another successful year assisting a variety of non-profits throughout the State," said Executive Director Dennis Reilly. “We are proud of the important role WHEFA has in financing and refinancing critical infrastructure projects for non-profits in Wisconsin. We are also very thankful for the support of the governor as we continue to help the economy move forward by serving all nonprofit institutions seeking to expand and create jobs.”

WHEFA, created by the Legislature in 1973, has been providing active capital financing assistance to Wisconsin nonprofit organizations since 1979. Bonds issued by WHEFA do not utilize any state funds or constitute an indebtedness of the state. The state has no liability to repay any obligation issued by WHEFA under any circumstances.

 
Supreme Court rules Trump can use military funds for border wall construction PDF Print E-mail
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Written by The Hill Press   
Saturday, 27 July 2019 15:25

borderfenceWASHINGTON,D.C. - The Supreme Court on Friday ruled that the Trump administration can start using military funds to construct a wall on the southern border, handing the president a major legal victory. 

The court’s four liberal justices each partially dissented on the ruling.

Read the full story here

 
New State Task Force Probes Payroll and Worker Classification Fraud PDF Print E-mail
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Written by GOV Press Wisconsin   
Saturday, 27 July 2019 11:36

technology-workersPractice of improperly calling a worker an independent contractor instead of an employee, denying the worker legal protections and benefits, has been extensively used in recent years.

Last Updated on Sunday, 28 July 2019 12:09
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Toxic PFAS Threat Grows PDF Print E-mail
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Written by Wisconsin Conservation Voters, Ryan Billingham   
Saturday, 27 July 2019 09:44

sulfide-mining-runoffDespite mounting evidence linking PFAS to a range of negative health effects including cancer, liver damage, decreased fertility, and increased risk of asthma and thyroid disease, polluters try to minimize it.

Last Updated on Sunday, 28 July 2019 09:58
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Evers Announces $1 Million TEA Grant for Fitchburg PDF Print E-mail
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Written by GOV Press Wisconsin   
Friday, 26 July 2019 10:36

promega-corp-peopleMoney will support Promega expansion and create 200 new jobs.

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