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 48 )

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

Undermining the Census Undermines America

by | Aug 5, 2020

If the Census Bureau proceeds with its plan to cut short efforts to count every person in the 2020 Census, the census won’t be a true portrait of America. And as a result, every community will have to live for the next decade under the harm of an incomplete count,...

Sign up for Emails

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