Tuesday, October 12, 2010

You'll Hear a "Whoosh" As Residents Leave Milwaukee

Milwaukee County's pension/health obligations will eat every dollar of proptax revenues in 6 years or so.

And the CITY of Milwaukee isn't far behind. It's 10th-worst in the US for 'underfunded' pension plans.

Each household in the City now owes just under $15K.

And it's a really crappy time to sell your house.

HT: Sykes

No comments: