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State Share of K12 Costs Rise to 64.9%

By John Forester | December 13, 2018

From WisPolitics.com …

The state’s share of K-12 education costs bumped up to 64.9 percent of the $10.5 billion spent in 2017-18, according to a new memo from the Legislative Fiscal Bureau.

That was an increase from the nearly 63.6 percent the state covered in 2016-17 and the 62.7 percent in 2015-16.

LFB said it projects the state will account for 65.4 percent of public school costs in 2018-19, and Evers has said he hopes to return to two-thirds funding in his first budget.

The state first committed in the 1990s to fund two-thirds of public education costs. But that requirement was repealed under Dem Gov. Jim Doyle and a GOP-controlled Legislature in 2003.

Over the past decade, the state’s share of K-12 education bottomed out at 61.7 percent in the 2011-12 school year.

The LFB memos also showed 26 percent of school districts last year received less than half of their revenues from state; in 2013-14 30.2 percent were below 50 percent.

The LFB also detailed how the $940 million in school levy tax credits will be distributed in 2018-19. The credit, which is extended to all taxable property, is distributed based on a formula that takes into account each municipality’s share of the statewide levy over the previous three years.

See the memo on state support for districts here.

See the memo on the school levy tax credit here.

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