A report released Monday by the Wisconsin Policy Forum shows the state's 25 largest cities face two-and-a-quarter-billion dollars in unfunded retiree health care liability.
Most Wisconsin cities made progress over a three-year period, but the projected costs for Milwaukee and Racine wiped out the gains. Those two cities saw their unfunded commitments grow by more than 228-million dollars over the same time frame. Many cities made deals with their workers promising generous health care benefits after retirement. In many cases, those benefits were offered if the workers would accept smaller pay hikes at the time.