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Conservatively Speaking

State Senator Mary Lazich (R-New Berlin) represents parts of four counties: Milwaukee, Waukesha, Racine, and Walworth. Her Senate District 28 includes New Berlin, Franklin, Greendale, Hales Corners, Muskego, Waterford, Big Bend, the town of Vernon and parts of Greenfield, East Troy, and Mukwonago. Senator Lazich has been in the Legislature for more than a decade. She considers herself a tireless crusader for lower taxes, reduced spending and smaller government.

This report has good news for Wisconsin


First, the bad news from the Pew Center for the States:

"There was a $1 trillion gap at the end of fiscal year 2008 between the $2.35 trillion states had set aside to pay for employees' retirement benefits and the $3.35 trillion price tag of those promises, according to a new report released by the Pew Center on the States.  The shortfall, which will have to be paid over the next 30 years by state and local governments, amounts to more than $8,800 for every household in the United States.”

Now, the good news. Wisconsin is one of the few states that entered the current recession with fully funded pensions. Wisconsin was rated by Pew as one of the top pension performers.

Other states, like Illinois that rank at the bottom of Pew’s rankings are facing benefit cuts, increased taxes, or both.

Read more from the Pew Center for the States.

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