(The Center Square) – WisconsinEye was back on the air broadcasting legislative hearings at Wisconsin’s capitol Tuesday, starting with a hearing on a bill to send long-term funding assistance to the private nonprofit that broadcasts Wisconsin state government meetings.
WisconsinEye received $50,000 in funding through the Joint Committee on Legislative Organization to go on the air during February.
Assembly Bill 974 would allow the network to receive the interest from a $9.75 million endowment each year, estimated to be between 4-7% or between $390,000 and $682,000. The network would have to continue raising the rest of its budget, which board chair Mark O’Connell said is $950,000 annually.
He spoke during a public hearing in the Assembly Committee on State Affairs on Monday. A companion bill in the Senate is not yet filed.
“We’ll need some kind of bridge,” O’Connell cautioned, saying it will take time for the trust fund granted in the 2024-25 budget to earn interest and get it to the network.
O’Connell also said that he hopes the legislation can be changed to allow for the Wisconsin Investment Board to be aggressive while investing the fund.
O’Connell noted that WisconsinEye raised more than $56,000 through donations on GoFundMe since it went off the air Dec. 15 and that there are seven donors willing to give $25,000 annually and one that will donate $50,000 annually if the legislation passes, which he said would put the network in a “relatively strong position in partnership with the state.”
O’Connell noted that many states fund their own in-house network to broadcast the legislature and committees.
“This legislation will fund only about 1/3 of what we need,” O’Connell said.
The bill has four restrictions, starting with the requirement that appointees of the Assembly Speaker, Senate Majority Leader, Assembly Minority Leader and Senate Minority Leader that are not members of the Legislature be added to the WisEye board of directors.
WisEye will be required to focus coverage on official state government meetings and business, provide free online access to its live broadcasts and digital archives and that WisEye provides an annual financial report to the Legislature and Joint Finance Committee.
