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Meeting Date:
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12/22/2022 - 5:30 PM
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Category:
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Reports and Communications from the Board Clerk/Chief Officer, Office of Board Governance
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Type:
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Info
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Subject:
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1. Monthly Report, with Possible Action, on Legislative Activities Affecting MPS
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Strategic Plan Compatibility Statement:
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Goal 1 Academic Achievement Goal 2 Student, Family and Community Engagement Goal 3 Effective and Efficient Operations
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Attachments
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School Levy Tax Credit MPS 2022
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File Attachment:
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Background:
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On November 21, 2022 the Department of Administration announced that the State of Wisconsin has an unprecedented surplus of $6.6 billion. In addition, the state is holding another $1.7 billion in the fiscal stabilization or “rainy day” funds. With a total of $8.3 billion and fears of recession abating, the state is positioned to finally address any number of policies that have chronically underfunded students in Wisconsin.
Given the new surplus level and the chance that revenue estimates will again come in higher when the Legislative Fiscal Bureau updates its forecast in January, resources are available to support students with disabilities with a 90% reimbursement level that would match what students currently receive in private schools, and a per pupil inflationary catch-up adjustment over the biennium of at least $1,400. Over the four year period, $1,400 is likely a conservative figure and additional data collected over the next month will assist with a more precise calculation.
School levy tax credit information, provided in the attached document, has also been published by the State Department of Revenue. Milwaukee will see a school levy credit that will reduce property taxes associated with MPS by $51.6 million.
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Fiscal Impact Statement:
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This item does not authorize expenditures.
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Implementation and Assessment Plan
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The district will continue to pursue appropriate support for students as part of the MPS Legislative Agenda.
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Recommendation:
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Approvals:
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Recommended By:
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Signed By:
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Chris Thiel - Legislative Policy Specialist
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Signed By:
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Jacqueline M. Mann, Ph.D. - Board Clerk/Chief Officer
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