Senate Bill 451 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 all financial information submission requirements before initiating such resolutions. If a school board adopts a resolution without this certification, both the resolution and any associated referendum will be rendered void. This change aims to ensure that school districts are financially accountable and transparent before seeking additional funding through referendums.

The bill also 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 raise funds through a bond issue unless the DPI certifies compliance with financial reporting requirements, which must be verified no earlier than 14 days prior to the resolution's adoption. Additionally, the bill limits the number of referendums a school district can call in a calendar year to two, reinforcing the need for careful financial planning and oversight.

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