K-12 Tax, Referendum & Spending climate: Declining Tax Base – Madison Edition

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Reschovsky and his colleagues predict Madison will see a 2021 revenue shortfall of between $55 million and $86 million. This is a lower-than-the-average percentage than other central cities but still significant.

“One of the takeaways with respect to Madison is that relative to the 150 cities, Madison is going to be hurt less at least in (fiscal year 2021) … than the average city,” Reschovsky said. “Bad as it is in Madison, it’s going to be a lot worse in a number of other cities.”