Kevin Fischer is a veteran broadcaster, the recipient of over 150 major journalism awards from the Milwaukee Press Club, the Wisconsin Associated Press, the Northwest Broadcast News Association, the Wisconsin Bar Association, and others. He has been seen and heard on Milwaukee TV and radio stations for over three decades. A longtime aide to state Senate Republicans in the Wisconsin Legislature, Kevin can be seen offering his views on the news on the public affairs program, "InterCHANGE," on Milwaukee Public Television Channel 10, and heard filling in on Newstalk 1130 WISN. He lives with his wife, Jennifer, and their lovely young daughter, Kyla Audrey, in Franklin.
On Wednesday, I blogged that the non-partisan Wisconsin Legislative Fiscal Bureau (LFB) has produced a memo providing data on the potential annual retirement savings for public employers associated with higher employee contributions for retirement benefits as a result of the approval of the state budget repair bill.
The projected savings for school districts are based on 5.8% of the 2009 Wisconsin Retirement System covered payroll data for each employer. The LFB writes “the estimates reflect projected savings if the employer currently picks up all of the employee-required share of retirement contributions.”
Yeh, Kevin, but Governor Walker’s gonna cut millions from each school district so what difference does it make, huh?
Legitimate question, except that the $1.522 million dollars in retirement savings to the
Health insurance savings: $1,102,564
Pension contribution savings: $1,522,588
Total fringe benefits savings (Add the above two): $2,625,152
Now let’s compare to state aid the district will receive.
During fiscal year 2010, the
Under Governor Walker’s proposed budget,
$1,555,800 less in state aid.
The total savings to the
That means no reason for any huge property tax levy increase.
Here are figures for all school districts in the state.