Bill > S394

This bill proposes a gradual reduction of the local contribution percentage in the state's education foundation budget over several years. Currently, local communities are required to fund a certain percentage of the total state education foundation budget, and this bill aims to decrease that percentage incrementally. Specifically, the bill modifies the definition of "total state target local contribution" to lower the maximum percentage of the foundation budget that must be funded by local contributions from 58% to 54% over a period of four years. Each section of the bill sets a new maximum percentage: 58% in 2026, 57% in 2027, 56% in 2028, and 55% in 2029. By reducing the local contribution requirement, the bill effectively increases the Commonwealth's share of education funding, potentially providing financial relief to local school districts and ensuring more state support for education. The changes would be implemented on January 1st of each respective year, allowing for a phased and predictable transition.

Education

https://malegislature.gov/Bills/194/S394