So we now know Wisconsin is anything but BROKE..... Wisconsin has major assets in hiding, so all of this protesting and threats of Bankruptcy and lay off is just another way of union busting and destroying workers rights. Read below and click on link to discover a whole lot more.
Wisconsins Real Financial Situation ExplainedThe following is a list of totals reported in the Wisconsin State Comprehensive Annual Financial Report (CAFR), fiscal year ending June 30, 2010.
The individual funds and investments that make up these totals are listed in detail below these fund totals.
All of this is sourced from the states 2010 CAFR, which can be downloaded at the state governments website, here:
http://www.doa.state.wi.us/subcategory.asp?linksubcatid=374&locid=3It may also be viewed online here:
http://www.docstoc.com/docs/23131666/Wisconsin-Comprehensive-Annual-Financial-ReportPage numbers are listed, so you can follow along in the CAFR for verification, and my comments are in red.
And now, the answer to the question
Is the State of Wisconsin bankrupt?
First, lets have a look at what Wisconsin has in its investment funds, which is not being reported to the taxpayers of the state or of America
(See below for explanation)
TOTAL PRIMARY GOVERNMENT VARIOUS FUNDS
-> $4,403,000,000
TOTAL UNIVERSITY OF WISCONSIN SYSTEM (UW) FUND
-> $365,800,000
TOTAL WISCONSIN HOUSING AND ECONOMIC DEVELOPMENT AUTHORITY FUND
-> $1,023,000,000
TOTAL UNIVERSITY OF WISCONSIN AND CLINICCS AUTHORITY FUND
-> $127,400,000
TOTAL STATE FAIR PARK EXPOSITION CENTER INC FUND
-> $200,000
TOTAL WISCONSIN HEALTH CARE LIABILITY INSURANCE PLAN (WHCLIP) FUND
-> $72,000,000
TOTAL UNIVERSITY OF WISCONSIN FOUNDATION FUND
-> $2,006,000,000
TOTAL STATE INVESTMENT FUND (SIF)
-> $6,603,000,000
TOTAL IN THE RISK MANAGEMENT FUND
-> $94,847,000
TOTAL NONMAJOR GOVERNMENTAL FUNDS
-> $664,459,000
TOTAL NONMAJOR ENTERPRISE FUNDS listed as All Nonmajor Funds
-> $1,446,072,000
TOTAL INTERNAL SERVICE FUNDS listed as totals
-> $350,107,000
TOTAL PENSION AND OTHER EMPLOYEE BENEFIT TRUST FUNDS listed as Totals
-> $66,937,157,000
TOTAL INVESTMENT TRUST FUNDS listed as Totals
> $2,606,398,000
TOTAL PRIVATE-PURPOSE TRUST FUNDS listed as Totals
> $2,265,681,000
TOTAL AGENCY FUNDS listed as Totals
-> $334,837,000
TOTAL FUND INVESTMENTS (From above list)
-> $89,299,958,000
(LISTED IN TABLE 3 CHANGES IN NET ASSETS)
TOTAL NET ASSETS
-> $11,693,400,000
TOTAL CAPITAL ASSETS (WITHOUT DEDUCTIONS FOR LONG-TERM LIABILITIES)
-> $22,487,900,000
TOTAL NET ASSETS
-> $34,181,300,000
TOTAL ASSETS (CAPITAL AND INVESTMENTS) FOUND IN 2010 STATE CAFR-> $123,481,258,000http://realitybloger.wordpress.com/2011/03/01/wisconsins-real-financial-situation-explained/
