Assembly Bill 792 proposes amendments to the calculation of shared costs for school districts in Wisconsin, specifically regarding expenditures funded by referenda. The bill stipulates that costs funded by operating or capital referenda approved after the bill's enactment will be excluded from the shared costs used to determine general equalization aids for school districts. This change aims to potentially increase state aid for negative tertiary school districts, which are those with equalized valuations exceeding the tertiary guaranteed valuation per member.

The bill includes several specific amendments and new provisions. It renumbers and amends existing statutes to clarify that shared costs will exclude certain expenditures, including those related to referenda, and introduces a new calculation method for determining the impact of these exclusions on state aid. Additionally, it creates new sections that outline how to assess the levy amounts authorized by referenda and how to adjust these amounts in the context of shared costs. Overall, the bill seeks to provide a more favorable financial framework for school districts that rely on voter-approved funding.

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