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Legislative Update

New LFB memo includes estimates of inflationary increases for schools

by | Jan 13, 2023 | Legislative Update Blog, State Budget | 0 comments

A new memo from the non-partisan Legislative Fiscal Bureau (LFB) shows what revenue limit adjustments would have been if automatic inflationary increases (tied to CPI indexing) that were a feature of Wisconsin school funding from 1995-96 through 2008-09 were still in place and compares those to the actual increases provided by the state.

If you attended a WASB Regional Meeting or Advocacy Workshop, we showed you a chart illustrating the differences.

The new LFB memo also includes estimates of what inflationary increases per pupil would be for 2023-24 and 2024-25, the fiscal/school years covered by the upcoming 2023-25 state budget:

According to the memo, “Based on the January, 2023, projections of quarterly inflation by S&P Global, it is estimated that the per pupil adjustments would be $392.79 in 2023-24 and $403.00 in 2024-25.”

See the full memo.


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