Bill > S226

This bill proposes to fund the Foundation Budget Review Commission, which is responsible for reviewing and making recommendations on the state's education funding formula. Key provisions include: 1. Allocating 40% of the funds received from the Massachusetts Gaming Control Act to higher education and 60% to implementing the first year of the Foundation Budget Review Commission's recommendations. 2. Requiring that at least $20 million, plus 50% of any surplus over required debt service, be allocated to implementing the first year of the Foundation Budget Review Commission's recommendations. 3. Directing a portion of the state's consolidated net surplus (up to $10 million) to be allocated to the Foundation Budget Review Commission's recommendations, in addition to funding for community preservation and life sciences investments. The bill aims to provide dedicated funding to support the work of the Foundation Budget Review Commission and implement its recommendations to improve the state's education funding formula.

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https://malegislature.gov/Bills/191/S226