Bill > SB61

This bill modifies how school district shared costs are calculated for the purpose of determining equalization aid by excluding certain referendum-approved expenditures from the calculation. Specifically, the bill prevents expenditures from a school district's general fund or debt service fund from being included in shared cost calculations if they result from 1) an operating referendum that exceeds the district's revenue limit by more than $50 million, or 2) a capital referendum to borrow more than $50 million. However, this exclusion does not apply to school districts that were considered "negative tertiary school districts" in the previous school year - which means districts whose equalized valuation exceeds the tertiary guaranteed valuation per member. The bill aims to adjust the financial calculation method for school districts, potentially impacting how state aid is distributed by modifying what expenses are considered when determining a district's shared cost. This change could influence how school districts manage large referendum-approved expenditures and potentially impact their state funding calculations.

Education

https://docs.legis.wisconsin.gov/2025/proposals/reg/sen/bill/sb61