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

SB 61 modifies how Wisconsin school districts calculate their "shared costs" for determining state equalization aid. It creates a new provision (121.07(6)(ap)) that excludes debt service from referenda-approved borrowing (over $50 million) from these costs, but only if the district's equalized valuation exceeded a specific threshold. This directly affects school districts that use referendum funds to finance large capital projects or debt, preventing those costs from reducing their state aid. The change applies to districts that borrowed via referendum after the bill's effective date and met the valuation condition.