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 46 )

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

Divestment and Race in Kenosha

by | Sep 21, 2020

The nation’s recent protests sparked by tragic and inexcusable police shootings of unarmed Black men are consequences of centuries old racism, enforced too often by the violence and oppression of institutions such as police forces. This seemingly unrelenting violence...

Sign up for Emails

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