Milwaukee, WI

TIA Data

2018 Financial State of Milwaukee (Released 1/24/2020)

Use Create Your Own City Chart to see additional financial, demographic and economic data for this and other cities

 
Milwaukee's Taxpayer Burden™ is -$12,800, 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 $1 billion 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 $12,800 to the city.
Milwaukee's reported net position is inflated by $34.7 million, largely because the city defers recognizing losses incurred when retirement liabilities increase.
The city's financial report was released 205 days after its fiscal year end, which is considered untimely according to the 180 day standard.
 

Prior Years' TIA Data

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
The time is ripe for public pension obligation bonds

MARCH 26, 2020 | PENSIONS & INVESTMENTS | by Girard Miller

It's finally now time for public pension funds and their sponsoring employers to make lemonade from lemons. The market value of public pension stock portfolios has shrunk dramatically in the shadows of the COVID-19 crisis, coupled with the recessionary impact of the Saudi-Russian oil price war. Stock indexes are down 35% or more from their peaks just earlier this year, in a dramatic sell-off.

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