In February of 2017, Governor Walker introduced his proposed budget for the 2017-19 biennium. The Governor's Budget Bill has been numbered Senate Bill 30 (the "Bill") and contains many provisions that will impact K-12 education throughout the state. Of particular interest to school districts looking to upgrade their facilities to improve energy efficiency is a change that will eliminate the revenue limit exception for performance contracts. According to the Bill, the exemption is unavailable for school districts that fail to adopt the required resolution authorizing the project on or before the effective date of the Bill, which is likely to occur in early July of 2017, assuming the provision survives legislative amendments.
The current proposal eliminating the revenue limit exemption creates two sets of challenges for school districts contemplating facility upgrades.Read More