Report: K-12 school property tax payments will rise statewide
Those totals don’t include the Madison Metropolitan School District or Milwaukee Public Schools, both of which passed operational referendums in 2020 that continue to allow them to surpass the revenue limit. Both districts are among those that are increasing their total tax levies and contributing to the statewide rise, WPF notes.
“Property tax levies increased 3.7% on December tax bills in those districts that have adopted referenda since 2020 while they fell 1.3% in districts that have not,” the report states.
State leaders are expected to begin discussing the next biennial budget early next year. Regardless of what they do with the revenue limit, there are two factors to watch for their impact on property taxes toward K-12 schools.
The first is the soon-to-sunset federal COVID-19 relief funding that has boosted school budgets over the past two years. Most funds must be spent by September 2024, which could leave holes in some district budgets if they’ve used the influx of one-time money on operational costs.
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