For more info=
rmation: &=
nbsp; &nbs=
p; &=
nbsp; &nbs=
p; &=
nbsp; For
immediate release
Ms. Anneliese Dickman, J.D.
Senior Researcher
Public Policy Forum
414-276-8240
adic=
kman@publicpolicyforum.org
Sou=
theastern
Wisconsin<=
span
style=3D'font-size:16.0pt'> experiences loss of personal income<=
/span>
Public Policy Forum creates new index to measure region’s
economic well-being
MILWAUKEE, Wisconsin – May
16, 2005 – During the ten years from 1993 through 2002, the seven
counties of southeastern Wisc=
onsin
have experienced a net loss of $2 billion in personal income, according to a
report issued by the Milwaukee-based Public Policy Forum.
“The region isn’=
;t
attracting enough new personal income to counter its losses, and the trend =
has
been greater net losses each year,” says Anneliese Dickman, the
Forum’s senior researcher.
The Forum developed a ̶=
0;net
income migration” index using data from the Internal Revenue Service =
and
the U.S. Census Bureau as a barometer of how well the region is doing
economically. Net income migr=
ation
is the amount of income that flows into the region minus the amount that fl=
ows
out of the region annually.
“This is perhaps the most striking measure of how well a regio=
n is
doing,” says Dickman.
The report says that, on av=
erage,
people moving out of southeastern Wisconsin
to other places in the state or country make more money than people moving =
into
our region from other places.
Positive income migration would require attracting high-earning
residents, she says.
Even though income in the r=
egion
increased to almost $42 billion from $32.5 billion during the period the st=
udy
covers, it would have been $2 billion higher had it not been for the
region’s income drain. “That’s a significant a=
mount
to lose when one considers how much tax revenue could have been captured,&#=
8221;
says Dickman. “Especial=
ly in
times of government budget shortfalls.”
Other report findings inclu=
de . . .
- On average, residents of southeastern Wisconsin w=
ho have
not moved earn more than either newcomers or those leaving;
- Contrary to conventional wisdom, the people who m=
ove
from Cook County
to southeastern Wisconsin earn more=
, on
average, than those who move to Cook
County from the
region;
- Every county in southeastern Wisconsin
loses more income to Madison’s =
Dane County
than it gains from D=
ane
County;
- Kenosha and Ozau=
kee
counties are the only counties in southeastern =
Wisconsin to gain more income from
outside the region than they lose;
- Milwaukee and Kenosha counties contribute income to the rest =
of
southeastern Wisconsin;
- Walworth County gains more income from southeastern=
Wisconsin t=
han it
does from beyond the region.
The Public Policy Forum is
facilitating creation of a shared vision action plan for regional cooperati=
on
in southeastern Wisconsin
based on research and analysis.
During the next several years, the Forum will encourage the region to
think and act in ways that promote its long-term economic and social health,
including . . .
- Developing a Southeastern
Wisconsin Leadership Network;
- Establishing priorities for regional action;
- Making the case to citizens that regional coopera=
tion
is vital to our future;
- Benchmarking progress toward the shared vision.
Milwaukee-based Public Poli=
cy Forum
– which was established in 1913 as a local government watchdog –=
; is
a nonpartisan, nonprofit organization dedicated to enhancing the effectiven=
ess
of government and the development of southeastern Wisconsin through objective research of
regional public policy issues.
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