The fund for public schools in Wisconsin will be increased to last for 400 years after Governor Evers signed the state budget into law. This suggests that districts will be allowed to increase their revenues by $325 per student every year until 2425.Governor Tony Evers of Wisconsin signed a new state budget into law that will increase the fund for public schools for the next 400 years. Just this week, Evers used his expansive partial veto power for the state budget and created a 400-year-assistance to fund for public schools in Wisconsin.
An article in USA Today states that the new legislation will ensure that the limits imposed on the districts will be allowed to increase the fund for public schools by $325 per student every year until 2425. Reportedly, this increase in the fund for public schools is the highest in revenue limits in the history of Wisconsin.
Permanent Fund for Public Schools
According to an article in The Guardian, on July 5, during a press conference in the Wisconsin State Capitol, Evers announced that his move to increase the fund for public schools for four centuries will create a permanent annual flow of revenue for the foreseeable future.
Along with the fund for public schools, more than 48 vetoes were also made to amend the $99 billion worth of two-year state budget that the Republicans passed last week. Among the several vetoes, the focus of the budget plan of the Republican lawmakers is a $3.5 billion worth of tax cuts for the Wisconsin’s wealthiest residents.