Revenue Limit & Equalization Aid

REVISED BUDGET (OCTOBER)

Overview

The District's revenue limit consists of two primary sources: local property taxes and state general (equalization) aid.

Refer to the Fundamentals page to learn more about revenue limits, in general.

The table below represents a few of the factors, or exemptions, in determining the total revenue limit.

Recurring Exemptions build the base revenue limit on an ongoing basis.

• The Transfer of Service exemption is provided to public school districts that incur added costs when a student moves into the district from another public entity. This exemption allows the district to maintain the level of services that student needs, but providing a mechanism to raise the revenue, without negatively impacting existing programs and services.

Non-Recurring Exemptions are opportunities to exceed the revenue limit for a single year.

• Like many other public school districts, WUSD is reliant on an operational referendum to exceed the revenue limit. The latest operational referendum is for fiscal years 2019-20 through 2022-23. This referendum provides a non-recurring exemption for each of the four years.

• In March, 2014, WUSD issued debt to complete a series of projects to decrease energy utilization. The District receives a revenue limit exemption equal to the annual debt payment less the amount of energy savings realized.

• Nominal exemptions can be provided due to the counting of open enrolled students.

• The final exemption noted is related to students attending private schools and receiving vouchers. The District receives a revenue limit exemption for the value of the vouchers and remits this amount to the State. The State then disburses the vouchers to the various private schools. The number of voucher students factors into the District's formula for equalization aid.