WI Education Convention

A Deep Dive into School Finance (Room WI Center 201 AB)

Take a deep and detailed dive into Wisconsin's school finance system with the Department of Public Instruction’s School Financial Services and WASBO members. In this in-depth session, learn how the revenue limit sets the total dollars that can be raised through local property taxes and state equalization aids for each district. Learn how state equalization aids are calculated based on a district's spending, property tax base and number of students. Learn the importance of maintaining a strong fund balance and cash reserve. Presenters will discuss the variables and factors influencing each district's revenue limit, share of equalization aid and the effect of cash reserve on fund balance board policy provisions that should be in place. Attendees will improve their understanding of how the overall district budget works and the concepts of fund accounting while gaining confidence in advocating for school funding for their district.