NPS, Milwaukee, Milwaukee School discussed on Vicki McKenna
Ahead. For those of you joining me after the three o'clock hour. In. Madison We'll talk about the assault on the churches by Dane County. We'll talk about what's going on in Minneapolis and how that has apparently just organically spread across the Midwest, but I. Ski macgyver Institute is on the program with me to talk about the Milwaukee School. System Milwaukee School, system. Is broke the Milwaukee. School system is operating in a deficit I'm looking at the numbers that you have posted in your latest piece, so. This current fiscal year sees the district's total balance sheet, a five hundred fifteen million dollar half a billion dollar loss. When you project it out to twenty twenty four, you can add another three hundred four million dollars, and then if you take a look at the unfunded pension liabilities, you're talking about a billion dollars, so that's a lot of money to be in the whole and yet. Apparently, it's just a whole. The Milwaukee Public School system would like to continue to dig. That is absolutely true. Vicki Yup, what we're seeing here yet again as the NPS sport just refusing to face any sort of fiscal realities. So. What's going on here? I mean they're piling more dollars on two on the pensions. They want to make easier to retire younger. And they want greater contributions to the pensions. Act Ten says that we're going to go back to the old Wisconsin State Law that never changed by the way this is just saying we're going to follow the law. You employees have to make a fifty percent contribution for your pension. That's not the fifty percent of the album fifty percent of the investment we, the government will make the other fifty percent, and that seems rational because it was taking away the employees contribution that got pension so far out of whack so. Is this like some kind of screed kind of fiscal screed against at ten? You know I don't know specifically how it interacts with Han, just knowing how how expansive that law was. What I do know was that when Acton was put into place one of the things that really saved a lot of districts including of Yes for a time was it gave districts the ability to? Change up their contracts and their plans for retirement pension, all of these sorts of benefits in ways that they didn't have the freedom to do book for because everything was put at the collective bargaining table, and so, what was forwarded by one of the Committees for the full board to vote on last night was the plan That was let NPS empl employees who are hired before June thirtieth of two thousand thirteen. It would let them retire h fifty five. Five if they have worked at the district for fifteen years, and they have saved at least seventy percent of their sick leave balance so ultimately what? The board actually approved very late last night, they we just published a story on this I believe in the last fifteen minutes actually The district went a slightly cheaper route, not by much because this will feel at about eight million dollars overall bringing the unfunded pension liability to close to a billion dollars. the one thing, but the board changed from the original recommendations that I had my story yesterday was that they are requiring employees serve at the district for at least twenty years in order to get this kind of benefit. So twenty years full pension. and. You can retire I. Mean You have to be fifty five, or can you work years and be and be forty five? It's it. You need to have all three of those things, so it'll be eight at age fifty five. If you have worked there for at least twenty years and banked at least seventy percent of your sick leave ten months old, I wanNA. What's the return on investment for the Milwaukee Pensions Right now? Not to cover billion dollars. So so that is important to the educational outcome Y. Well you know what we are told apparently is, but this is a promise that needs to fulfilled not only to the NPS, teachers the NPS employees as a whole You know they're still pushing this idea that if we focused on retention focus on upping those benefits for every employee that somehow magically that will improve our academic capabilities for students, as as you know as we were just talking about NPS has long struggled with their chief met right now. They're sitting sixteen percent proficiency for math. In the last year, about eighteen and a half proficiency percents proficiency for English Language Arts with extraordinary discrepancies between racial ethnic groups. So yet again, what we're seeing is NPS is choosing to. Prioritize really it's it's unions and those bargaining groups over the types of academic. Focus that we really in right right right? That's exactly the problem. So for sixteen percent proficiency math, eighteen percent proficiency in English for about ten percent proficiency for black kids in English about eight eight and a half percent proficiency for black kids in math. The city of Milwaukee taxpayers ought to be footing the bill to the tune of a greater than one billion dollar deficit for a school system. That wasn't even an operation for the last three months of the school year. Yeah. You know news really. No savings from that from from kids, not being in the schools. Sure sure, of course not, and you know one of the things we've been talking about. And this was a heated topic of discussion. Last night was how much money the district is going to have to spend in terms of preparation. Four going back to the fall weather, we're GONNA need to still be social distancing very very contentious issue. They're thinking. They're going to have to spend. You know somewhere in the millions of dollars on things like peaky e. No honestly so they need to spend more money. Because they they didn't have school for three months, so they need to spend more money. They can't save any money for not having school for three months. That is my understanding. I think you know this is something. They were debating back and forth for for a very long time. about what exactly that's GonNa look like. The district has put out or approved a final plan for the fall yet but we do know you know right now. They are face a hang a their position. Their balanced so to speak what their their checkbook looks like. They're five hundred fifteen million dollars in the red Yeah, that's not including the pension liability. That's not even talking about their operating funds, which three years from now is looking at a north of three hundred million dollar deficit as well so this is really significant and and This money is this issue is not going to go away. This is why board in two thousand thirteen use. Some of those tools that act ten gave it to try and address. Some of these issues You know so I think this is something that's not going.