Milwaukee on verge of bankruptcy, police cuts if it can’t reach agreement on aid deal – FOX News

Not reaching a deal on a massive bill increasing state aid to Wisconsin's local governments will only increase the chances that Milwaukee runs out of money, while smaller communities around the state will also struggle to pay bills. The urgent warnings came as Republican leaders who control the Senate and Assembly disagree on a key part of the plan — who determines whether the Milwaukee city and county can raise the local sales tax to pay for pension costs and emergency services.
2 Comments
Newest
Oldest Most Voted
Inline Feedbacks
View all comments
The Paraclete
2 years ago

Stop the pension madness, it’s absurd!

debtsor
2 years ago

Milwaukee is only a few years ahead of Chicago.

SIGN UP HERE FOR FREE WIREPOINTS DAILY NEWSLETTER

Home Page Signup
First
Last
Check what you would like to receive:

FOLLOW US

 

WIREPOINTS ORIGINAL STORIES

Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.

Read More »

WE’RE A NONPROFIT AND YOUR CONTRIBUTIONS ARE DEDUCTIBLE.

SEARCH ALL HISTORY

CONTACT / TERMS OF USE