The Case against Using Mortgage Settlement Funds to Reduce the State Deficit

by | February 13, 2012

Home 9 Child Safety 9 The Case against Using Mortgage Settlement Funds to Reduce the State Deficit ( Page 29 )

Journal Sentinel and NY Times Editorials Argue against Diverting the Settlement Funding

Both the New York Times and the Milwaukee Journal Sentinel editorialized over the weekend against the use of the new mortgage settlement dollars to help close state deficits. As the Journal Sentinel wrote: “With so many families in Milwaukee – and other Wisconsin communities – hurting under the pain of the foreclosure crisis, that money should be distributed to communities around the state for remediation.”

A new Wisconsin Budget Project Blog post examines the issue and notes: “It’s somewhat surprising that the Governor would make such a proposal, in light of his criticism of similar funding shifts in the past that closed deficits with one-time money, and in view of his opposition to transfers from segregated funds, such as the patients’ compensation fund.”
 
Jon Peacock

Kids Forward
Kids Forward

Join us to build a Wisconsin where every child and family thrives.

Donate Now

Recent

TANF at 25: Failing to Meet the Needs of WI Families

by | Aug 19, 2021

On August 22 of this year, the law creating the Temporary Assistance to Needy Families program (TANF) turns 25 years old, and that’s not a cause for celebration. At the national level and here in Wisconsin, TANF is serving only a small fraction of the families who are...

Sign up for Emails

Your address helps us identify your legislators and the most relevant messages to send you.