SB30-SSA1,1,11
473.0305 Revenue limits calculations. The department of revenue shall
5annually determine and certify to the state superintendent of public instruction, no
6later than the 4th Monday in
June March, the allowable rate of increase for the limit
7imposed under subch. VII of ch. 121. For that limit, the allowable rate of increase
8is the percentage change in the consumer price index for all urban consumers, U.S.
9city average, between the preceding
May 31 last day of February and the 2nd
10preceding
May 31 last day of February, as computed by the federal department of
11labor.
SB30-SSA1,2,2
1(1) This act first applies to the calculation of a school district's revenue limit
2under subchapter VII of chapter 121 of the statutes for the 1996-97 school year.