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 baby daughter, Kyla Audrey, in Franklin.
The state of Wisconsin has one.
Now the city of Franklin is suffering from the same illness.
It’s called a budget revenue shortfall.
No need to overanalyze, ladies and gentlemen. A budget revenue shortfall occurs when incoming revenues are not enough to cover committed government spending.
Now how in the world does that happen?
How is it that a unit of government doesn’t have enough dinero to pay for all the goodies it promised?
That too is simple.
This ugly fiscal scenario is created when said unit of government SPENDS too much.
Much like when the average Joe has a balance much higher than zero on his Visa card.
Franklin’s budget revenue shortfall could reach $500,000.
That’s half a million shingles, folks.
There are some possible solutions:
1) The knee-jerk instant remedy most often used by elected officials in this predicament: Raise taxes.
2) Borrowing or bonding
3) Spending cuts
4) A combination of all of the above that might even include more spending (Ask Governor Doyle about how to pull that off).
Mark me down for option #3.
Controlling spending is the first and best way to lowering taxes.
When I last saw the alderman who’s the talk of the town these days, Lyle Sohns laughed at me when I said the city of Franklin spends too much.
A half-million dollar revenue shortfall.
No one’s laughing now.