Milwaukee

Overview


Socioeconomic Data
Population 600,155
Employment 88,700
Unemployment Rate 4.4%  (80 of 116)
Zillow Home Value Index $102,100  (108 of 116)
Government-Wide Revenues and Expenses
General Revenues $642,148,000
Capital Grants and Contributions $25,536,000
Charges For Services $392,361,000
Operating Grants and Contributions $47,326,000
Total Revenues $1,107,371,000
Total Expenditures $1,143,106,000
Change in Net Assets ($35,735,000)
Actuarially Determined Pension Contributions $65,474,000
Pension Contributions Actually Made $61,130,000
Government-Wide Position
Current Assets $1,092,212,000
Total Assets $3,234,592,000
Current Liabilities $272,373,000
Long Term Debt $1,762,489,000
Total Net Position $984,070,000
Unrestricted Net Position ($671,070,000)

Revs and Exps


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Surplus / (Deficit) General Fund Other Funds Total Gov. Funds
Surplus(deficit) $  (35,814,000) $  (469,923,000) $  (505,737,000)
Revenues
Total Revenues $  639,081,000 $  194,941,000 $  834,022,000
Intergovernmental 263,350,000 59,413,000 322,763,000
Property taxes 190,318,000 63,497,000 253,815,000
Charges for services 141,318,000 13,084,000 154,402,000
Other 18,003,000 24,185,000 42,188,000
Other Taxes 2,765,000 30,096,000 32,861,000
Licenses and permits 16,629,000 0 16,629,000
Special assessments 0 4,666,000 4,666,000
Fines and forfeits 4,110,000 0 4,110,000
Contributions received 2,588,000 0 2,588,000
FUND BALANCE AT END OF YEAR $  127,248,000 $  217,364,000 $  344,612,000
Long Term Debt 1,856,939,000 0 0
Expenditures
Total Expenditures $  674,895,000 $  664,864,000 $  1,339,759,000
Principal Retirement 0 414,499,000 414,499,000
Public safety 293,787,000 13,398,000 307,185,000
General government 249,029,000 5,139,000 254,168,000
Capital Outlay 0 155,227,000 155,227,000
Public works 101,086,000 2,426,000 103,512,000
Interest 0 36,606,000 36,606,000
Conservation and development 3,816,000 25,362,000 29,178,000
Culture and recreation 17,624,000 2,566,000 20,190,000
Health 9,553,000 8,461,000 18,014,000
Bond Issuance Costs 0 1,180,000 1,180,000

Metrics


General Fund Balance Ratio 18.85%  (78 of 116)
Debt to Revenue Ratio 159.16%  (54 of 116)
Pension ADC to Revenue Ratio 5.91%  (52 of 116)
Annual Change in Home Prices 4.50%  (82 of 116)
Annual Change in Unemployment Rate (0.4%)  (18 of 116)
Fiscal Health Score 62  (76 of 116)
Implied Credit Rating AA