Tag Archives: Legislative Fiscal Bureau

Just How Much Shared Revenue Do We Stand to Lose?

The cuts are coming for 2012, and they won’t be pretty.

But how big will they be?

The Legislative Fiscal Bureau shed some light on that Tuesday, as it released the estimated amount of shared revenue cuts local and county governments will face under Gov. Scott Walker’s proposed budget.

The tally for South Milwaukee: More than $255,000, or an 8.2% cut for 2012.

Combined with a projected cut in local transportation aids (estimated at more than $135,000 on Tuesday by the LFB) and a more than $120,000 cut in state funding for local recycling programs, and you get a pretty good glimpse of what we’re facing as we begin the budgeting process for next year.

Of course, the “tools” that are part of the Walker budget repair bill will help some, but, as I blogged about last week, they will not nearly close that gap … while other provisions in Walker’s proposed budget, like a mandated local property tax freeze, will only widen the chasm.

I will have more specifics on our local situation in coming days, and as we begin the budget debate in earnest.

For now, you can see the LFB detail on the estimated shared revenue cuts here. (You will note that South Milwaukee does not have it as bad as some other communities, which I guess is some perverse “good news” in this situation.)

And click here for the estimated cuts in general transportation funding.

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