Please follow along.
Wisconsin law requires the Department of Public Instruction (DPI) to compute an estimate of the general school aid each public school district will receive for the coming school year by July 1. That was last Saturday.
School personnel may use the estimate to complete their annual budgets and project changes in property tax levies. On Oct. 15, DPI will certify state general aid amounts for 2017‑18 based on audited 2016‑17 data. Estimated general aid to districts is subject to change.
The department’s July 1 aid estimate does not include per pupil categorical aid, which will be based on student membership from the 2017-18, 2016‑17, and 2015‑16 school years (third Friday in September count). That aid will be paid in March 2018 and is currently funded at $250 per pupil annually.
So, how did high tax and spending Franklin fare?
The July 1, 2017 General Aid estimate for the Franklin school district is $17,149,558.
The total certified state general aid amount to Franklin on October 15 of 2016 was $16,675,947.
That means Franklin is receiving an increase this school year of $473,611, or 2.84%.
Franklin should consider itself fortunate. According to DPI, of the state’s 422 school districts, 55 percent (231) are estimated to receive less general aid in 2017-18, while 44 percent of districts (187, including Franklin) are expected to receive more aid.
So this means no Franklin school property tax increase this year, right?
Forgive me. ROTFL
BTW, MPS loses 0.58 % in aid. You know what that means?
Uh huh. Kids will die.