Monday, April 18, 2011

Financial Managers here they come....

In reporting by Forbes (Ed Garvey has blogged as well) Scott Walker is drafting legislation patterned after Michigan that would allow the Governor to appoint someone to oversee the running of a city, village, or town that fails a financial stress test. This will actually work better in Wisconsin than Michigan because the budget cuts State aid to schools and municipalities and further prohibits them from raising taxes to off set the loss. So, most should become financially unstable pretty quickly. Talk about a big Government, anti-democratic measure. The plus side to this system is that we will only have to deal with one government body.

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