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Bill > S1774


MA S1774

Dedicating a portion of the stabilization fund to cities and towns


summary

Introduced
01/22/2019
In Committee
01/22/2019
Crossed Over
Passed
Dead
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)

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