A Little More on MPS' Fiscal Situation

Mike Ford:

I was a little surprised by the Milwaukee Public Schools (MPS)' response to my recent Wisconsin Interest piece on the district's long-term fiscal challenges. Specifically, I was confused by the following two paragraphs in a blog item posted yesterday by Milwaukee Journal Sentinel education reporter Erin Richards:

MPS officials on Wednesday objected to the assertion that the district is headed toward financial insolvency. They reiterated that they have raised the minimum retirement age, raised the number of years needed to reach retirement, and increased future retiree contributions, all of which should make a significant impact on legacy costs.

MPS Spokesman Tony Tagliavia reported there is a report coming out in the coming months that will reflect the impact of the changes made.

First off, my article makes clear that I took MPS' aggressive actions to address their legacy costs into account (Incidentally I have also blogged about these actions and applauded MPS as they have been taken). In the article I write:

Posted by Jim Zellmer at June 30, 2012 2:54 AM
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