UPDATE: Proposal by governor to save money for school district - WAOW - Newsline 9, Wausau News, Weather, Sports

UPDATE: Proposal by governor to save money for school districts


By Mike Haberle - bio | email | Twitter | Facebook

WISCONSIN (WAOW) -- A new proposal would have government employees contributing 5.8 percent to the employee's share of their retirement.

Currently, the state pays 11.6 percent. Under the plan, employees would pick up about half of that.

The new plan is expected to save a school district such as Merrill about $800,000 a year.

Some wonder if the savings will even make a difference if the state begins making cuts to education.

"The devil is in the details. It depends how his legislation is interpreted. The state budget will be introduced next Tuesday," Director of Finance for the Merrill School District Louise Fischer said. "Like I said, his repair bill helps schools, his retirement piece, and the health insurance piece. Again if he's cutting our revenue, then we're right back in the same boat we were before."

The new proposal would also have employees paying about 12.6 percent of their insurance premium.




Newsline 9 asked the Marshfield Chamber of Commerce about the governor's proposal.

The chamber says private business make these decisions on a daily basis.

"From a business standpoint, there is a serious budget deficit that the state has to deal with. There are a significant amount of operating costs related to the state that involve personnel. You have to be able to adjust personnel costs to what you can afford. Private sector businesses have to do that all the time," executive director Scott Larson said.

Powered by Frankly