Milwaukee, WI

Milwaukee gets D on latest Financial State of the Cities Report

Published

2 years ago

February 17, 2024

Milwaukee gets D on latest Financial State of the Cities Report

(The Center Square) – Milwaukee does not get a passing grade on the latest deep dive into city finances across the country.

Truth In Accounting released its annual Financial State of the Cities report, giving Milwaukee a D.

“Milwaukee’s financial condition worsened by $403.8 million, resulting in a Taxpayer Burden of $15,300, earning a ‘D’ grade from Truth in Accounting,” the report states.

Truth In Accounting says Milwaukee has $1.3 billion to pay $4.4 billion in bills. Those bills include $1.2 billion in unfunded pension liabilities and another $1.2 billion in unfunded retiree healthcare benefits.

“Milwaukee had set aside only 79 cents for every dollar of promised pension benefits and no money set aside for promised retiree healthcare benefits,” the report adds.

Executive Vice President at the Institute for Reforming Government, Chris Reader, told The Center Square those numbers should worry Milwaukee taxpayers.

“It looks like the burden per Milwaukee taxpayer has more than doubled in the eight years of this report, from $6,800 in 2015 to $15,300 now,” Reader said. “The city also continues to slide down the rankings, from low 50s (of 75) to 68th. That should be unacceptable to taxpayers in Milwaukee.”

The Truth In Accounting report does not include the new money that Milwaukee will get from its new 2% sales tax. The city estimates it will receive nearly $190 million from that tax each year.

Reader said Milwaukee’s mayor advocated for the tax as a way to pay down Milwaukee’s pension debt and keep the city from going bankrupt. But he’s not solid.

“Some will see this and say it’s why higher taxes are needed. To us, it shows that spending restraint is needed at City Hall, just as it’s needed in Madison and Washington,” Reader added.

While Milwaukee is in the bottom 10, 68th, in the Truth In Accounting report, there are cities that are worse.

New York City has the highest taxpayer burden in the report at over $61,800, followed by Chicago at $42,900, and Honolulu at $24,200.

“At least Milwaukee’s 68th ranking is better than Chicago!,” Reader said.

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Milwaukee, WI

Brad Paisley to perform at BMO Pavilion in Milwaukee on Sept. 4

Published

9 hours ago

May 11, 2026

Press Room

Brad Paisley to perform at BMO Pavilion in Milwaukee on Sept. 4

article

Brad Paisley (Photo by Scott Dudelson/Getty Images)

MILWAUKEE – Brad Paisley is scheduled to perform at the BMO Pavilion in Milwaukee on Sept. 4.

Ticket information

What we know:

The ticket pre-sale for Brad’s fan club members, Paisley Nation, begins on Tuesday, May 12 at 10 am. All tickets available at BradPaisley.com.

The tour will also offer a variety of VIP packages and experiences for fans to take their concert experience to the next level.

FREE DOWNLOAD: Get breaking news alerts in the FOX LOCAL Mobile app for iOS or Android

Packages vary but include premium seats, a guided backstage tour, VIP-exclusive gift item, early entry & more. VIP package contents vary depending on the selected offer. For more information, visit VIPnation.com.

The Source: The information in this post was provided by Live Nation.

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Milwaukee, WI

WSJ: Billionaire Milwaukee Bucks co-owner targeted in extortion scheme – UPI.com

Published

21 hours ago

May 10, 2026

Press Room

WSJ: Billionaire Milwaukee Bucks co-owner targeted in extortion scheme – UPI.com

Billionaire Wes Edens, co-founder of Fortress Investment Group and co-owner of the Milwaukee Bucks NBA club, is shown at Sun Valley, Idaho, on July 9, 2015. The Wall Street Journal on Sunday identified Edens as the victim of a billion-dollar extortion plot allegedly hatched by an ex-lover. File Photo by Andrew Gombert/EPA

May 10 (UPI) — Wes Edens, the billionaire co-founder of Fortress Investment Group and an owner of the NBA’s Milwaukee Bucks, was the target of a billion-dollar extortion scheme allegedly perpetrated by an ex-lover, the Wall Street Journal reported Sunday.

A spokesman for Edens, 64, confirmed to the newspaper that the financier is the unnamed alleged victim in a federal indictment brought against Changli “Sophia” Luo of New York City.

Edens, one of world’s most successful global investment management firm leaders with Fortress, has developed and owned businesses in real estate, transportation, infrastructure, health care, financial services, media and entertainment.

He is also a high-profile sports team owner, including the Bucks and soccer club Aston Villa of the English Premier League. He is credited turning the Bucks from a perennial cellar dweller into a champion squad over a five-year span, culminating in the 2021 NBA championship.

But he also fell victim to a lurid alleged “sextortion” scheme, his spokesman confirmed to the WSJ, admitting the Edens is the unnamed “Victim 1” cited an indictment filed last year in Manhattan federal court against Luo.

The indictment reportedly accuses her of trying to extort Victim 1 of more than $1 billion by threatening to release videos and photos of them engaged in sex. Prosecutors alleged Luo also threatened to contact the victim’s family members and business partners in a threat to destroy his fortune if he did not pay up.

According to the indictment, Luo was arrested June 14 at JFK International Airport as she tried to board a flight to China, the New York Post reported.

“Mr. Edens will be making no comment on the case as the indictment speaks for itself with respect to the charges against the defendant,” his spokesman told the Journal. “Mr. Edens expects to testify under oath at the upcoming trial.”

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Milwaukee, WI

Milwaukee Weather: Cooler Sunday with a slight chance for sprinkles

Published

1 day ago

May 10, 2026

Press Room

MILWAUKEE – Forecast from FOX6 Meteorologist Lisa Michaels

Mostly sunny skies with partly sunny skies in the afternoon. There is a slight chance for a few sprinkles, but most areas remain dry. Highs near 60F on Sunday.
Patchy frost is possible again Sunday night into Monday morning as low temps inland can reach the lower 30s.
Cooler on Monday with easterly winds- low 50s near the lake to upper 50s inland.
A big boost in temperatures on Tuesday in the low 70s associated with a clipper system will bring the next chance of rain and a few storms.

Today: Mostly Sunny. Slight chance sprinkles.
High: 60°
Wind: NW 5-15

Tonight: Mostly Clear. Patchy frost.
Low: 38°
Wind: N 5

Monday: 53 LAKE. Mostly sunny.
High: 57°
Wind: E 5-10

Tuesday: Chance storms. Breezy.
AM Low: 39° High: 71°
Wind: SW 10-25

Wednesday:Partly sunny.
AM Low: 46° High: 59°
Wind: NW 5-15

Thursday: Mostly Sunny. Slight chance sprinkles.
AM Low: 42° High: 64°
Wind: S 5-10

Friday: Chance of Rain
AM Low: 47° High: 72°
Wind: SW 5-15

6-day planner

FOX6 Weather Extras

Local perspective:

Meanwhile, FOX6Now.com offers a variety of extremely useful weather tools to help you navigate the stormy season. They include the following:

FOX6 Storm Center app

FOX LOCAL Mobile app

FOX Weather app

FOX Weather

Big picture view:

Maps and radar

We have a host of maps and radars on the FOX6 Weather page that are updating regularly — to provide you the most accurate assessment of the weather. From a county-by-county view to the Midwest regional radar and a national view — it’s all there.

School and business closings

When the weather gets a little dicey, schools and businesses may shut down. Monitor the latest list of closings, cancellations, and delays reported in southeast Wisconsin.