A state law passed in 1993 controls the amount of money collected through State Aid and Local Property Taxes
Every Wisconsin School District was frozen in 1993 at their current amount spent to educate each child
Every year that per pupil amount is increased by an allowable per member increase ($194.37 in 1994 and $264.12 in 2008)
Average Increase of 2.22% per year since 1993
That amount is then multiplied by the district's three year average membership to provide maximum allowable revenue through State Aid and Local Property Taxes
Qualified Economic Offer (QEO)
State imposed mechanism since 1993 that sets a minimum 3.80% total package settlement to avoid binding arbitration
Total package is a blend of Salary Increases and Benefit Increases
Since 1993 Madison Metropolitan School District has averaged 4.0% total package settlements
Legislative Liaison Joe Quick talks about revenue limits and the QEO