summary
Introduced
01/22/2019
01/22/2019
In Committee
01/22/2019
01/22/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
191st General Court
Bill Summary
For legislation to dedicate a portion of the stabilization fund to cities and towns. Revenue.
AI Summary
This bill proposes to dedicate at least 10% of the state's stabilization fund, also known as the "rainy day fund," to avoiding or mitigating reductions in local aid to cities and towns, including funding for education (Chapter 70 education funding), lottery aid, and additional assistance. The stabilization fund is a reserve account that the state can use to address budget shortfalls or emergencies, and this bill aims to ensure that a portion of those funds are directed towards supporting local governments and the services they provide to their communities.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Accompanied a study order, see S2549 (on 02/20/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
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State Bill Page | https://malegislature.gov/Bills/191/S1774 |
Bill | https://malegislature.gov/Bills/191/S1774.pdf |
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