We thank Gov. Tony Evers, Assembly Speaker Robin Vos, Senate Majority Leader Devin LeMahieu and their respective legislative bodies for advancing a compromise agenda that puts Wisconsin first. In 40 years of working with the Legislature, this compromise may rank as one of the most promising ever to position Wisconsin and Milwaukee to compete for jobs and capital investment.
No two stories are the same, and while they have similarities, Milwaukee County’s fiscal crisis is different from the City’s. However, it is a clear-and-present danger to the county’s future, and it does have a clear-and-present solution.
The definition of a fiscal crisis is “the inability to bridge a deficit between expenditures and tax revenue.” The City of Milwaukee is in a fiscal crisis.
On a $1B budget, the city begins next year with a $156M deficit, that – with a cost-to-continue budget – grows to $176 by 2026. Without substantial changes in expenditures or revenues these deficits become structural (ongoing).
As Wisconsin Gov. Tony Evers and the state Legislature mull over the question of increasing state shared revenue and providing Milwaukee with an additional sales tax, “yes” and “no” result in clearly differing outcomes.