June 30, 2024
Finance

MPS Chief Financial Officer resigned same day as superintendent


The same day Milwaukee Public Schools Superintendent reached an agreement with the Board of School Directors to resign his post, the district’s Chief Financial Officer Martha Kreitzman put in her resignation as well, 12 News has learned.According to the resignation form, obtained by 12 News Investigates through Wisconsin’s Open Records Law, Kreitzman signed the document June 4, putting an “x” in the box for retirement as the reason for resigning.She listed the effective date of her resignation as close of business June 12.It was only on June 13, hours before a special meeting for the board to potentially vote on next year’s budget for the state’s largest school district, did MPS officials reveal Kreitzman’s departure, simply characterizing it only as her retirement.”As the CAP references staffing in the MPS Office of Finance, we note that Martha Krietzman (sp.) has retired from the district, effective immediately, a news release previewing the board meeting said Thursday afternoon. Kreitzman’s departure was the third significant departure on June 4 since it was revealed the district was more than eight months behind in submitting critical financial reports to the Department of Public Instruction.Video above: MPS school board meets behind closed doors for over 3 hoursThe delay led DPI officials to withhold more than $16 million in special education aid for the month of June.The revelation sparked outrage as the district, while behind in its financial reporting to state officials, publicly asked for the community to vote for a $252 million referendum to support the district. The referendum, which passed narrowly in April, also raised property taxes in Milwaukee.In addition to Kreitzman and Posley, Comptroller Alfredo Balmaseda said the district fired him on June 4 as well.According to the agenda for Thursday’s meeting, the board is scheduled to discuss the Corrective Action Plan (CAP) the district submitted to DPI to explain how it plans to rectify its financial problems.The board is also expected to go into executive session to discuss potential candidates to take over as interim superintendent while the board conducts a nationwide search to find Posley’s replacement.Posley’s last scheduled day as superintendent is June 30.This story was updated to reflect the nature of Kreitzman’s departure based on the newly obtained record. It is a developing story and will be updated.Top Headlines9-year-old shot and killed in MilwaukeeVideo: Dump truck hit-and-run crash causes rollover on I-41 near Appleton AvenueMilwaukee high school choir teacher charged with sex assault of student

The same day Milwaukee Public Schools Superintendent reached an agreement with the Board of School Directors to resign his post, the district’s Chief Financial Officer Martha Kreitzman put in her resignation as well, 12 News has learned.

According to the resignation form, obtained by 12 News Investigates through Wisconsin’s Open Records Law, Kreitzman signed the document June 4, putting an “x” in the box for retirement as the reason for resigning.

She listed the effective date of her resignation as close of business June 12.

It was only on June 13, hours before a special meeting for the board to potentially vote on next year’s budget for the state’s largest school district, did MPS officials reveal Kreitzman’s departure, simply characterizing it only as her retirement.

“As the CAP references staffing in the MPS Office of Finance, we note that Martha Krietzman (sp.) has retired from the district, effective immediately, a news release previewing the board meeting said Thursday afternoon.

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You may be able to find the same content in another format, or you may be able to find more information, at their web site.

Kreitzman’s departure was the third significant departure on June 4 since it was revealed the district was more than eight months behind in submitting critical financial reports to the Department of Public Instruction.

Video above: MPS school board meets behind closed doors for over 3 hours

The delay led DPI officials to withhold more than $16 million in special education aid for the month of June.

The revelation sparked outrage as the district, while behind in its financial reporting to state officials, publicly asked for the community to vote for a $252 million referendum to support the district. The referendum, which passed narrowly in April, also raised property taxes in Milwaukee.

In addition to Kreitzman and Posley, Comptroller Alfredo Balmaseda said the district fired him on June 4 as well.

This content is imported from Twitter.
You may be able to find the same content in another format, or you may be able to find more information, at their web site.

According to the agenda for Thursday’s meeting, the board is scheduled to discuss the Corrective Action Plan (CAP) the district submitted to DPI to explain how it plans to rectify its financial problems.

The board is also expected to go into executive session to discuss potential candidates to take over as interim superintendent while the board conducts a nationwide search to find Posley’s replacement.

Posley’s last scheduled day as superintendent is June 30.

This story was updated to reflect the nature of Kreitzman’s departure based on the newly obtained record. It is a developing story and will be updated.




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