JSOnline: MPS Could Face $13.6M Shortfall, Benefit Rate Still High
They could face a $13.6M shortfall. Video by tmj4.comvideo
MILWAUKEE - It's early in the budget season for Milwaukee Public Schools, but the administration said in a presentation Thursday that it could face a $13.6 million budget shortfall next year.
Figures are preliminary because it's unclear what the state's budget will include for schools.
But Chief Financial Officer Gerald Pace told a Milwaukee Board of School Directors' budget committee Thursday night that the end of the federal stimulus was partially responsible for the shortfall.
The administration also reported its benefit rate for employees would drop from 74.2% to 69.9% in fiscal year 2012, a result of the new contracts with unions.
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