Relating to: excluding costs funded by referenda from shared costs for the purpose of determining general equalization aids for school districts. (FE)

AB 792 modifies how Wisconsin calculates state funding for public school districts by excluding certain costs funded through local voter-approved referenda (like bond elections) from the "shared cost" formula. This directly affects school districts receiving state equalization aid, as it prevents referendum-funded expenses from reducing their state aid eligibility. The bill adds specific rules to exclude referendum-authorized levies and related debt service from the calculation, ensuring districts aren’t penalized for using locally raised funds. These changes aim to align funding formulas with how school districts actually finance projects through voter-approved measures.