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Gov. Tony Evers’ 2023 partial veto elevated Okay-12 public faculty districts’ income fundraising limits by $325 per pupil every year till 2425, however that doesn’t assure property tax will increase every year.
Income limits set how a lot a district can improve funding by a mix of property taxes and normal state support. College districts might increase property taxes as a way to attain the utmost income, or the Legislature and governor might present extra normal support by the biennial price range. The common restrict throughout districts final yr was $13,363.
This yr, the Republican-controlled Legislature saved normal state support flat. College boards can increase property taxes as much as their allowed most funding of their annual budgets.
In future budgets, the Legislature and governor might present sufficient state support to cowl the restrict improve in complete and even exceed it, which might power districts to cut back property taxes. In addition they might repeal the 400-year income restrict provision.
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