SB25: Bill Text

LRB-0427/1

MJL:lmk&jld:rs

2005 - 2006 LEGISLATURE

2005 Senate BILL 25

January 24, 2005 - Introduced by Senators Carpenter, Decker and A. Lasee, cosponsored by Representatives Gronemus, Fields, Freese, Lehman and Pocan. Referred to Committee on Education.

SB25,1,4 An Act to amend 20.255 (2) (ac); and to create 121.15 (3m) of the statutes; relating to: requiring a determination of the amount of general school aid necessary to fund two-thirds of statewide school costs and making an appropriation.

Analysis by the Legislative Reference Bureau

Before the enactment of the 2003-05 biennial budget bill, the state was required to estimate the amount of equalization aid necessary, in combination with other state aid and the school levy tax credit, to fund two-thirds of statewide school costs (two-thirds funding). The bill resurrects two-thirds funding.

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:

SB25, s. 1 Section 1. 20.255 (2) (ac) of the statutes is amended to read:

SB25,2,4 20.255 (2) (ac) General equalization aids. The amounts in the schedule A sum sufficient for the payment of educational aids under ss. 121.08, 121.09, 121.095, and 121.105 and subch. VI of ch. 121 equal to the amount determined by the joint committee on finance under s. 121.15 (3m) (c) in the 2006-07 fiscal year and biennially thereafter and equal to the amount determined by law in the 2007-08 fiscal year and biennially thereafter.

SB25, s. 2 Section 2. 121.15 (3m) of the statutes is created to read:

SB25,2,6 121.15 (3m) (a) In this subsection:

SB25,2,9 1. "Partial school revenues" means the sum of state school aids, other than the amounts appropriated under s. 20.255 (2) (cv), property taxes levied for school districts and aid paid to school districts under s. 79.095 (4), less all of the following:

SB25,2,12 a. The amount of any revenue limit increase under s. 121.91 (4) (a) 2. due to a school board's increasing the services that it provides by adding responsibility for providing a service transferred to it from another school board.

SB25,2,13 b. The amount of any revenue limit increase under s. 121.91 (4) (a) 3.

SB25,2,14 c. The amount of any revenue limit increase under s. 121.91 (4) (j).

SB25,2,15 d. The amount of any revenue limit increase under s. 121.91 (4) (h).

SB25,2,16 e. The amount of any property taxes levied for the purpose of s. 120.13 (19).

SB25,2,18 f. An amount equal to 45 percent of the amount estimated to be paid under s. 119.23 (4) and (4m).

SB25,2,20 g. The amount by which the property tax levy for debt service on debt that has been approved by a referendum exceeds $490,000,000.

SB25,2,23 2. "State school aids" means those aids appropriated under s. 20.255 (1) (b) and (2), other than s. 20.255 (2) (fm), (fu), (k), and (m), under s. 20.505 (4) (es), (et), and (s), and under s. 20.285 (1) (ee), (r), and (rc).

SB25,3,4 (b) By May 15, 2006, and annually by May 15 thereafter, the department, the department of administration, and the legislative fiscal bureau shall jointly certify to the joint committee on finance an estimate of the amount necessary to appropriate under s. 20.255 (2) (ac) in the following school year to ensure that the sum of state school aids and the school levy tax credit under s. 79.10 (4) equals two-thirds of partial school revenues.

SB25,3,7 (c) By June 30, 2006, and biennially by June 30 thereafter, the joint committee on finance shall determine the amount appropriated under s. 20.255 (2) (ac) in the following school year.

SB25, s. 3 Section 3. Effective dates. This act takes effect on January 1, 2006, except as follows:

SB25,3,11 (1) The treatment of section 20.255 (2) (ac) of the statutes takes effect on July 1, 2006.

SB25,3,12 (End)