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Milwaukee schools face a $46M budget deficit

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Milwaukee schools face a M budget deficit


The Milwaukee Public Schools board of directors will consider several mid-school-year cuts Tuesday after auditors found the district spent $46 million more than it budgeted in 2024-25. 

After completing three financial audits in 13 months — two of which had been significantly overdue—the district now has a clearer picture of its current financial position, Superintendent Brenda Cassellius said in a statement Friday evening. 

“The audits have identified an estimated $46 million gap between revenues and expenditures,” Cassellius continued. “MPS is working to reduce that imbalance by June 30 to lessen the need for future cuts.”

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To do this, the district will: 

  • Review unspent funds set aside in the budget 
  • Freeze non-essential new positions and contracted services 
  • Increase participation in federal nutrition programs 
  • Conduct a study on transportation costs  
  • Review existing district contracts 
  • Seek additional reimbursements for high-cost special education services 
  • And fully leverage state and federal grant opportunities to accelerate initiatives  

“These decisions are not easy,” Cassellius wrote. “They reflect our unwavering commitment to putting students first, protecting classrooms, and ensuring the long term wellbeing of Milwaukee Public Schools.”  

MPS has to continue to look at spending in the next fiscal year, plus the cost of negotiated wage increases. 

Cassellius said one way MPS plans to address the shortfall is by reducing staffing at the central office. 

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This week, an updated capital improvement budget will be presented to the school board. 

But Cassellius said students will remain at the center of the proposal. 

The plan will limit class sizes at elementary schools to 28 students, with smaller classes in K3-K5 and a middle school cap of 32. 

“Our budget is a reflection of our values, and for us that begins with students and classrooms,” Cassellius wrote. “Even as we confront significant financial challenges, we are making deliberate choices to protect teaching and learning, invest in our staff, and ensure resources are directed where they are needed most.”

Colleston Morgan Jr., who leads City Forward Collective, a nonprofit and advocacy group in Milwaukee, says even if the school board agrees to Cassellius’s planned cuts, the long-term financial outlook for MPS is concerning.

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“The district projects a cumulative deficit of $420 million by the end of the 2030-31 school year if it continues on its current trajectory,” Morgan said.

Editor’s note: This story will be updated



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

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


Brad Paisley (Photo by Scott Dudelson/Getty Images)

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

Ticket information

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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. 

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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.

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

 

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

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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.

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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 Weather: Cooler Sunday with a slight chance for sprinkles

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Milwaukee Weather: Cooler Sunday with a slight chance for sprinkles


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.

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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

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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

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

6-day planner

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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:  

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FOX6 Storm Center app

FOX LOCAL Mobile app

FOX Weather app

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FOX Weather

Big picture view:

Maps and radar

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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.

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FOX6 Weather Experts in social media

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