Greater Milwaukee Committee raising $800K for deep dive into city’s financial challenges: TMJ4’s @TheTable

MILWAUKEE — The Larger Milwaukee Committee is stepping as much as assist the Metropolis of Milwaukee and the County discover a resolution to their finances issues.

“It is simply time for us to repair it,” Larger Milwaukee Committee President Joel Brennan stated @TheTable Monday night time.

Brennan is engaged on elevating cash to assist the town take a deep dive into its finances with a “fiscal audit or fiscal evaluation.”

“The enterprise group has put forth, dedicated about between $700,000 to $800,000 to do that,” Brennan stated. “It is one thing that we’ll undergo and work out the place the town can get monetary savings and the way they will enhance providers, how they will function as effectively and successfully as attainable.”

Brennan has been with the GMC for a couple of yr. Previous to that, he was Secretary of the Division of Administration for Governor Tony Evers.

Funding options embody rising the gross sales tax in Milwaukee County or extra shared income from the state which is sitting on an estimated $6.5 billion finances surplus.

“It is going to take extra income; it should take flexibility on the native degree to lift that income. That could possibly be a gross sales tax. It could possibly be the prevailing income within the shared income mannequin. There are artistic methods to handle this downside,” Brennan stated.

Watch the total interview within the video on the prime of this text.

You may see @TheTable with Shannon Sims and Charles Benson on TMJ4 Information at 10 p.m.

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