Milwaukee County Officials Push POBs to Ease Policy's Aftereffects

Shields, Yvette
October 2004
Bond Buyer;10/13/2004, Vol. 350 Issue 31988, p1
Trade Publication
The article says that Milwaukee County, Wisconsin officials will begin the task of selling skeptical county board members on a $260 million pension obligation bond plan to wipe out an unfunded liability that has grown into a drain on the county budget, following controversial pension enhancements approved four years ago. Steve Agostini, the county's acting fiscal and budget administrator says that there is no getting around the cost of the pension enhancements. This is an attempt to engage the board on why they think pension obligation bonds will help them deal with some of the serious challenges they face.


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