AB886: Bill Text

LRB-5135/1

RAC&PG:skg:km

1995 - 1996 LEGISLATURE

1995 Assembly BILL 886

February 13, 1996 - Introduced by Representatives Plombon, Wilder, Turner, Baldus, Cullen, Reynolds, Bell, Gronemus and Hasenohrl, cosponsored by Senator Moen. Referred to Committee on Education.

AB886,1,3 An Act to create 20.255 (2) (ae) and 121.082 of the statutes; relating to: distribution of additional school aid to certain school districts and making an appropriation.

Analysis by the Legislative Reference Bureau

This bill makes additional state school aid available to school districts in which both of the following occur: 1) in the previous school year, the net cost of the school district's general fund divided by the school district's student membership is less than 92% of the statewide average; and 2) in the previous school year, the equalized value of the school district (that is, the full value of the taxable property in the territory of the school district) divided by the school district's student membership was less than the statewide average. Under the bill, the state is required to pay an eligible school district the amount necessary to ensure that the net cost of the school district's general fund divided by the school district's student membership is equal to 92% of the statewide average.

For further information see the state and local fiscal estimate, which will be printed as an appendix to this bill.

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

AB886, s. 1 Section 1. 20.005 (3) (schedule) of the statutes: at the appropriate place, insert the following amounts for the purposes indicated: - See PDF for table

AB886, s. 2 Section 2. 20.255 (2) (ae) of the statutes is created to read:

AB886,2,3 20.255 (2) (ae) Equity aid. The amounts in the schedule for the payment of equity aid to eligible school districts under s. 121.082.

AB886, s. 3 Section 3. 121.082 of the statutes is created to read:

AB886,2,6 121.082 Equity aid. (1) A school district is eligible for equity aid under this section if all of the following apply:

AB886,2,8 (a) In the previous school year, the net cost of the general fund divided by its membership was less than 92% of the statewide average.

AB886,2,10 (b) In the previous school year, the equalized value of the school district divided by its membership was less than the statewide average.

AB886,2,14 (2) From the appropriation under s. 20.255 (2) (ae), beginning in the 1996-97 school year, the state shall pay to each school district eligible for aid under this section the amount necessary to ensure that the net cost of the school district's general fund divided by its membership is equal to 92% of the statewide average.

AB886,2,15 (End)