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State pension fund group rejects WEDC investment requestSubmitted: 02/04/2013
Story By The Associated Press

MADISON - The board that oversees Wisconsin's pension funds has rejected a request from the head of Gov. Scott Walker's semi-private economic development agency to invest $200 million to help startup businesses.

Wisconsin Economic Development Corp. head Reed Hall asked the State of Wisconsin Investment Board in November for the venture capital seed money in November. The board rejected the request, saying that the use of pension funds to pay for economic development initiatives "does not meet our fiduciary duty."

The request for funding as well as SWIB's response is contained in a report submitted by SWIB in December. The Wisconsin Reporter website was the first to report on it.

Hall made the request when he was the interim head of WEDC. Last week Walker named him as the permanent head.



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 IN OTHER NEWS

WAUSAU - Three people confined for sex crimes will be coming back to the Wausau area.

Wausau police tell us the three men are to be released.

Terrance Steppert has been in prison for more than 30 years.

The 51 year old Steppert was convicted of first degree sexual assault of a child and burglary while armed.

He will go into transitional housing near the Marathon County Courthouse.

65 year old David Schuetz spent six years in prison for 1st degree sexual assault of a child.

He will be on extended supervision for the next 12 years.

And 26 year old Justin Larson was found not guilty because of mental issues on a charge of second degree sexual assault.

He was committed for treatment in 2009.

He will be released to a group home a few blocks from the Marathon County Courthouse.

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LAC DU FLAMBEAU - With spring finally here, you'll probably start noticing more pests around the house.

That's why you'll want to start pest-proofing before temps get even warmer.

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What We're Working OnSubmitted: 05/02/2016

- Last month, voters in the Unified School District of Antigo rejected a referendum that would have consolidated the district's seven elementary schools. Now the district has to figure out what to do with the teachers, staff and students of one school that will close in June.

- Plus, until now Price County has never had any type of public transportation.  Park Falls hasn't even had a taxi service in years.  That all changed in April with a new bus.

We'll have the details on this story and more tonight on Newswatch 12 - news from where you live.

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ADAMS COUNTY - Update-We now know the names of two men who died in a two car crash near the Wisconsin Dells over the weekend.

The Wisconsin State Patrol tells us 65 year old Timothy Helm and his passenger, 72 year old Frances Chowaniec died at the scene of the crash.

Both men were from Oxford.

24 year old Kolton Coon of Wisconsin Dells was the second driver.

He was taken to a hospital and expected to survive.

The crash happened Saturday afternoon around 2:00 on County Road B north of state highway 23 in Adams County.

Wisconsin State Patrol is still investigating.





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WAUSAU - The mayor of Wausau blames "a violent world," in part, for this weekend's officer-involved shooting.

A Wausau police officer shot and killed a man allegedly armed with a knife late Saturday night.

Mayor Robert Mielke said that he believes the shooting was justified and the entire police force has his full support.

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MATTOON - Last month, voters in the Unified School District of Antigo rejected a referendum that would have consolidated the district's seven elementary schools. The referendum would have kept two rural schools�"Mattoon and Crestwood�"open.

But now, Mattoon Elementary School will close in June. The school board voted 5-4 to close the school at the end of this school year.

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EAGLE RIVER - Riding through forests and past scenic lakes make the Northwoods one of the best places to go ATVing.

Routes opened for the season at 8 a.m. Sunday in Vilas County.

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