During a Monday, Jan. 26 Board of Education meeting, Verona Area School District (VASD) Deputy Superintendent Chad Wiese shared a detailed explanation of how Wisconsin’s state funding model, Department of Revenue (DOR) property equalization and local property values work together to impact property tax bills.
In Wisconsin, the state sets annual revenue limits for school districts, which control how much total funding districts may receive per student.
According to a VASD news release, increases to those revenue limits have not matched the annual rate of inflation over the last two decades. In turn, the majority of Wisconsin school districts have turned to local property taxpayers to make up the difference through operating referenda…