Milwaukee Mayor Tom Barrett vows to veto any 'raids into pension reserve'
Milwaukee Mayor Tom Barrett is vowing to veto any effort to reduce the city's pension payment in next year's budget — even if it would mean saving police and firefighter jobs.
"I'm not going to allow deeper raids into the pension reserve," Barrett said in an interview with the Journal Sentinel. "Because I think those types of actions just create more problems in the future."
Barrett's comments come in the wake of a new Public Policy Forum report on the city's 2018 budget plan, which detailed the financial stresses facing Milwaukee.
"The primary culprit is a spike in the employer pension contribution, which increases from $61 million to $83 million," the report said.
Read more: https://www.jsonline.com/story/news/local/milwaukee/2017/10/16/milwaukee-mayor-tom-barrett-vows-veto-any-raids-into-pension-reserve/762600001/
