121.07(7)
(7) Guaranteed valuation per member. 121.07(7)(a)(a) The “primary guaranteed valuation per member" is $1,930,000.
121.07(7)(b)
(b) The “secondary guaranteed valuation per member" is an amount, rounded to the next lower dollar, that, after subtraction of payments under ss.
121.09 and
121.85 (6) (b) 2. and
3. and
(c), fully distributes an amount equal to the amount remaining in the appropriation under s.
20.255 (2) (ac).
121.07(7)(bm)
(bm) The “tertiary guaranteed valuation per member" is the amount rounded to the next lower dollar determined by dividing the equalized valuation of the state by the state total membership.
121.07(7)(c)
(c) For districts operating only high school grades, the amounts in pars.
(a) to
(bm) shall be multiplied by 3 and rounded to the next lower dollar.
121.07(7)(d)
(d) For districts operating only elementary grades, the amounts in pars.
(a) to
(bm) shall be multiplied by 1.5 and rounded to the next lower dollar.
121.07(7)(e)1.1. For a school district created by a consolidation under s.
117.08 or
117.09 that takes effect before July 1, 2019, in the school year in which the consolidation takes effect and in each of the subsequent 4 school years, the amounts under pars.
(a) to
(bm) shall be multiplied by 1.15 and rounded to the next lower dollar.
121.07(7)(e)2.
2. For a school district from which territory was detached to create a school district under s.
117.105, in each of the 3 school years beginning on the July 1 following the effective date of the reorganization under s.
117.105, the amounts under pars.
(a) to
(bm) shall be multiplied by 1.05 and rounded to the next lower dollar.
