Senate Bill 61 proposes amendments to the calculation of shared costs for school districts in Wisconsin, specifically regarding expenditures funded by referenda. The bill aims to exclude certain expenditures from a school district's shared cost when determining equalization aid. Expenditures from a school district's general fund or debt service fund that are authorized by an operating or capital referendum to exceed $50,000,000 will be excluded from shared costs, unless the school district was classified as a negative tertiary school district in the previous school year.

The bill includes specific amendments to existing statutes, such as the introduction of new language in section 121.07 (6) (ap) to clarify that debt service on debt authorized by a referendum to borrow at least $50,000,000 is also excluded from shared costs, with the same exception for negative tertiary school districts. Additionally, it amends sections 121.07 (6) (a) and (6) (am) to refine the definitions and exclusions related to shared costs, ensuring that the calculation of state aid reflects these changes.

Statutes affected:
Bill Text: 121.07(6)(a)(intro.), 121.07, 121.07(6)(am)