The people of the state of Wisconsin, represented in senate and assembly, do enact as follows:
79.05
(2)
(c) Its municipal budget; exclusive of principal and interest on long-term debt and exclusive of revenue sharing payments under s. 66.0305, recycling fee payments under s. 289.645, unreimbursed expenses related to an emergency declared under s.
166.03 (1) (b) 1., and
323.10,
expenditures from moneys received pursuant to P.L.
111-5
, and expenditures made pursuant to a purchasing agreement with a school district whereby the municipality makes purchases on behalf of the school district
; for the year of the statement under s. 79.015 increased over its municipal budget as adjusted under sub. (6); exclusive of principal and interest on long-term debt and exclusive of revenue sharing payments under s. 66.0305, recycling fee payments under s. 289.645, unreimbursed expenses related to an emergency declared under s.
166.03 (1) (b) 1., and
323.10,
expenditures from moneys received pursuant to P.L.
111-5
, and expenditures made pursuant to a purchasing agreement with a school district whereby the municipality makes purchases on behalf of the school district
; for the year before that year by less than the sum of the inflation factor and the valuation factor, rounded to the nearest 0.10%.