Senate approves WEDC board term limits

Agency has drawn fire since May audit
Senate approves WEDC board term limits

The Wisconsin Senate has approved a bill that would limit terms for board members at Gov. Scott Walker’s troubled quasi-public jobs agency.

The bipartisan measure would set fixed, six-year terms for Wisconsin Economic Development Corporation board members rather than have them serve at the pleasure of the governor and legislative leaders. State auditors would have to perform annual reviews of WEDC’s finances rather than biennial studies, and all WEDC employees would be subject to state ethics laws.

WEDC has drawn fire after a May audit found the agency didn’t consistently follow the law or its own policies during its first year, failed to adequately track loans and provided tax breaks to companies that didn’t qualify.

The Senate passed the measure unanimously Tuesday.