Milwaukee, WI

Click here for the detailed 2021 Financial State of Milwaukee (Released 2/7/2023)

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Milwaukee owes more than it owns.
Milwaukee's Taxpayer Burden™ is -$12,900, 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 $1.2 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 -$2.6 billion financial hole. To erase this shortfall, each Milwaukee taxpayer would have to send -$12,900 to the city.
Milwaukee's reported net position is inflated by $236.8 million, largely because the city defers recognizing losses incurred when retirement liabilities increase.
The city's financial report was released 196 days after its fiscal year end, which is considered untimely according to the 180 day standard.

Prior Years' TIA Data

2020 Financial State of Milwaukee

2019 Financial State of Milwaukee

2018 Financial State of Milwaukee

2017 Financial State of Milwaukee

2016 Financial State of Milwaukee

2015 Financial State of Milwaukee

Other Resources

Milwaukee Annual Comprehensive Financial Reports

Publishing Entity: Office of the Comptroller

Financial State of the Cities 2023

FEBRUARY 7, 2023

This year's report highlights the volatility and risk surrounding pension plan assets and corresponding pension liabilities.