Amendment SSA1-SB30

LRBs0017/1

RAC:jrd:ch

1995 - 1996 LEGISLATURE

SENATE SUBSTITUTE AMENDMENT 1, To 1995 SENATE BILL 30

February 15, 1995 - Offered by Committee on Education and Financial Institutions.

SB30-SSA1,1,2 An Act to amend 73.0305 of the statutes; relating to: the calculation of revenue limits for school district expenditures.

The people of the state of Wisconsin, represented in senate and assembly, do enact as follows:

SB30-SSA1, s. 1 Section 1. 73.0305 of the statutes is amended to read:

SB30-SSA1,1,11 73.0305 Revenue limits calculations. The department of revenue shall annually determine and certify to the state superintendent of public instruction, no later than the 4th Monday in June March, the allowable rate of increase for the limit imposed under subch. VII of ch. 121. For that limit, the allowable rate of increase is the percentage change in the consumer price index for all urban consumers, U.S. city average, between the preceding May 31 last day of February and the 2nd preceding May 31 last day of February, as computed by the federal department of labor.

SB30-SSA1, s. 2 Section 2. Initial applicability.

SB30-SSA1,2,2 (1)  This act first applies to the calculation of a school district's revenue limit under subchapter VII of chapter 121 of the statutes for the 1996-97 school year.

SB30-SSA1,2,3 (End)