Assembly Bill 457 introduces new requirements for school boards in Wisconsin regarding the adoption of resolutions to exceed revenue limits through operating or capital referendums. Specifically, the bill mandates that a school board must obtain certification from the Department of Public Instruction (DPI) confirming compliance with financial information submission requirements before adopting such resolutions. If a school board proceeds without this certification, the resolution and any associated referendum will be rendered void. The bill also establishes a new provision that prohibits the adoption of initial resolutions for bond issues unless the DPI certifies compliance within a specified timeframe.

Additionally, the bill amends existing statutes to clarify the conditions under which school boards can exceed revenue limits. It specifies that a school board may not adopt a resolution to exceed revenue limits unless the DPI certifies compliance with financial reporting requirements, which include various statutory obligations. The amendments also limit the number of referendums a school district can call in a calendar year to two, ensuring that financial accountability is maintained while allowing for necessary funding through referendums.

Statutes affected:
Bill Text: 67.05(6a)(a)2.(intro.), 67.05, 121.91(3)(a)1, 121.91