121.905 (1) (b) 3. If, during the 3-school-year period during which a school district's revenue ceiling is an amount determined under subd. 1. or 2., a referendum on a resolution adopted by the school board under s. 121.91 (3) (a) is held and a majority of those voting approve the resolution, beginning in the school year immediately following the school year during which the referendum is held, the school district's “revenue ceiling” is the amount under par. (a) plus any applicable increase under subds. 4. to 7.

121.905 (1) (b) 4. In the 2019-20 school year, “revenue ceiling” means the amount under par. (a) for that school year plus $200.

121.905 (1) (b) 5. In the 2020-21 school year, “revenue ceiling” means the amount under par. (a) for that school year plus $400.

121.905 (1) (b) 6. In the 2021-22 school year, “revenue ceiling” means the amount under par. (a) for that school year plus $300.

121.905 (1) (b) 7. In the 2022-23 school year and each subsequent school year, “revenue ceiling” means the amount under par. (a) for that school year plus $200.

121.905 (3) (c) 6. For the limit for each of the 2015-16 to 2018-19 school year or years, for the 2021-22 school year, and for any school year thereafter, make no adjustment to the result under par. (b).

121.905 (3) (c) 7. For the limit for the 2019-20 school year, add $175 to the result under par. (b).

121.905 (3) (c) 8. For the limit for the 2020-21 school year, add $179 to the result under par. (b).

121.91 (2m) (im) Notwithstanding par. (i) and except as provided in subs. (3), (4), and (8), a school district cannot increase its revenues for the 2019-20 school year to an amount that exceeds the amount calculated as follows:

1. Divide the sum of the amount of state aid received in the previous school year and property taxes levied for the previous school year, excluding property taxes levied for the purpose of s. 120.13 (19) and excluding funds described under sub. (4) (c), by the average of the number of pupils enrolled in the 3 previous school years.

2. Add $175.

3. Multiply the result under subd. 2. by the average of the number of pupils enrolled in the current school year and the 2 preceding school years.

121.91 (2m) (j) Notwithstanding par. (i) and except as provided in subs. (3), (4), and (8), a school district cannot increase its revenues for the 2020-21 school year to an amount that exceeds the amount calculated as follows:

1. Divide the sum of the amount of state aid received in the previous school year and property taxes levied for the previous school year, excluding property taxes levied for the purpose of s. 120.13 (19) and excluding funds described under sub. (4) (c), by the average of the number of pupils enrolled in the 3 previous school years.

2. Add $179.

3. Multiply the result under subd. 2. by the average of the number of pupils enrolled in the current school year and the 2 preceding school years.

121.91 (2m) (r) 1. (intro.) Notwithstanding pars. (c) to (i) to (j), if a school district is created under s. 117.105, its revenue limit under this section for the school year beginning with the effective date of the reorganization shall be determined as follows except as provided under subs. (3) and (4):