AB43,,5967 121.59 (3) Aid under this section shall be paid from If the appropriation under s. 20.255 (2) (cq) in any fiscal year is insufficient to pay the full amount under subs. (2) and (2n), the department shall prorate the payments among the school districts entitled to aid under this section.

AB43,2235 Section 2235. 121.84 (4) (b) of the statutes is amended to read:

AB43,,5969 121.84 (4) (b) If a pupil attends school in a school district outside the pupil’s school district of residence under par. (a), s. 118.51 (12) (b), (14), (16), and (17) apply to the pupil as if the pupil were attending school in a nonresident school district under s. 118.51. If the pupil is rejected as a result of s. 118.51 (12) (b), s. 118.51 (9) applies.

AB43,2236 Section 2236. 121.90 (2) (am) 1. of the statutes is amended to read:

AB43,,5971 121.90 (2) (am) 1. Aid under ss. 121.08, 121.09, and 121.105, and 121.136 and subch. VI, as calculated for the current school year on October 15 under s. 121.15 (4) and including adjustments made under s. 121.15 (4).

AB43,2237 Section 2237. 121.90 (2) (bm) 3. of the statutes is repealed.

AB43,2238 Section 2238. 121.905 (1) (a) of the statutes is amended to read:

AB43,,5974 121.905 (1) (a) Except as provided in par. (b), in this section, “revenue ceiling” means $9,100 in the 2017-18 school year, $9,400 in the 2018-19 school year, $9,500 in the 2019-20 school year, $9,600 in the 2020-21 school year, $9,700 in the 2021-22 school year, and $9,800 in the 2022-23 school year, $10,450 in the 2023-24 school year, $11,200 in the 2024-25 school year, and in the 2025-26 school year and any subsequent school year the amount under this paragraph for the previous school year multiplied by the sum of 1.0 plus the allowable rate of increase under s. 73.0305 expressed as a decimal.

AB43,2239 Section 2239. 121.905 (1) (b) 1. to 3. of the statutes are repealed.

AB43,2240 Section 2240. 121.905 (3) (c) 6. of the statutes is amended to read:

AB43,,5977 121.905 (3) (c) 6. For the limit for each of the 2015-16 to 2018-19 school years, for the 2021-22 school year, and for any the 2022-23 school year thereafter, make no adjustment to the result under par. (b).

AB43,2241 Section 2241. 121.905 (3) (c) 9. of the statutes is created to read:

AB43,,5979 121.905 (3) (c) 9. For the limit for the 2023-24 school year, add $350 to the result under par. (b).

AB43,2242 Section 2242. 121.905 (3) (c) 10. of the statutes is created to read:

AB43,,5981 121.905 (3) (c) 10. For the limit for the 2024-25 school year, add $650 to the result under par. (b).

AB43,2243 Section 2243. 121.905 (3) (c) 11. of the statutes is created to read:

AB43,,5983 121.905 (3) (c) 11. For the limit for the 2025-26 school year and any school year thereafter, add the result under s. 121.91 (2m) (L) 2. to the result under par. (b).

AB43,2244 Section 2244. 121.91 (2m) (i) (intro.) of the statutes is amended to read:

AB43,,5985 121.91 (2m) (i) (intro.) Except as provided in subs. (3), (4), and (8), no school district may increase its revenues for any of the 2015-16 to 2018-19 school year or for any school year thereafter years, the 2021-22 school year, or the 2022-23 school year to an amount that exceeds the amount calculated as follows:

AB43,2245 Section 2245. 121.91 (2m) (im) (intro.) of the statutes is amended to read:

AB43,,5987 121.91 (2m) (im) (intro.) Notwithstanding par. (i) and except 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:

AB43,2246 Section 2246. 121.91 (2m) (j) (intro.) of the statutes is amended to read:

AB43,,5989 121.91 (2m) (j) (intro.) Notwithstanding par. (i) and except 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:

AB43,2247 Section 2247. 121.91 (2m) (k) of the statutes is created to read:

AB43,,5991 121.91 (2m) (k) Except as provided in subs. (3), (4), and (8), no school district may increase its revenues for the 2023-24 school year to an amount that exceeds the amount calculated as follows:

AB43,,5992 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.

AB43,,5993 2. Add $350 to the result under subd. 1.

AB43,,5994 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.

AB43,2248 Section 2248. 121.91 (2m) (km) of the statutes is created to read: