Milwaukee, WI

TIA Data

2019 Financial State of Milwaukee (Released 1/26/2021)

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Milwaukee's Taxpayer Burden™ is -$13,500, and it received a "D" from TIA.
Milwaukee is a Sinkhole City without enough assets to cover its debt.
Decisions by elected officials have created a Taxpayer Burden™, which is each taxpayer's share of city bills after its available assets have been tapped.
TIA's Taxpayer Burden™ measurement incorporates all assets and liabilities, including retirement obligations.
Milwaukee only has $986.4 million of assets available to pay bills totaling $3.8 billion.
Because Milwaukee doesn't have enough money to pay its bills, it has a $2.8 billion financial hole. To erase this shortfall, each Milwaukee taxpayer would have to send $13,500 to the city.
Milwaukee's reported net position is inflated by $817.9 million, largely because the city defers recognizing losses incurred when retirement liabilities increase.
The city's financial report was released 204 days after its fiscal year end, which is considered untimely according to the 180 day standard.
 

Prior Years' TIA Data

2018 Financial State of Milwaukee

2017 Financial State of Milwaukee

2016 Financial State of Milwaukee

2015 Financial State of Milwaukee

Other Resources

Milwaukee Comprehensive Annual Financial Reports

Publishing Entity: Office of the Comptroller

IN THE NEWS
Mayor unveils $1.7 billion Milwaukee budget proposal that relies heavily on federal funds

SEPTEMBER 22, 2021 | WISN ABC-12 NEWS (WISCONSIN) | by Editorial

Includes “Mayor Tom Barrett unveiled what was expected to be his final city budget Tuesday morning. ‘Change is likely to come to city government,’ he said before the Common Council. After 17 years as mayor, President Joe Biden has nominated Barrett to serve as U.S. ambassador to Luxembourg. Barrett's budget is filled with dire warnings.”

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