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District finance official explains state aid formula and how enrollment, summer school can lower the tax levy
Summary
Business officer Betts walked trustees through the state aid and revenue-limit calculations, including district figures for membership, shared cost per pupil and state aid per pupil; he said adding summer-school FTEs can raise state aid and, for Wilmot, reduce the tax levy.
Betts, the district finance presenter, described how Wisconsin's state-aid and revenue-limit formulas determine the district's tax levy and state-aid share.
He walked board members through the primary variables — membership, shared cost and property-value figures — and provided district-specific numbers. Betts said the district's "shared cost per pupil" is $16,197 and cited a current state-aid-per-pupil figure of about…
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