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

SB 781 modifies how Wisconsin calculates state aid for public school districts by excluding costs funded through voter-approved referendums from the "shared cost" formula. Specifically, it removes referendum-funded expenditures (like those for capital projects or debt service) when determining eligibility for general equalization aid, which directly affects school districts relying on such local funding. The bill creates new rules to exclude referendum-authorized levies and related debt service from the calculation, ensuring these costs don't reduce state aid payments. This change aims to prevent school districts from losing state funding due to referendum-based spending.