Bill > H683

This bill proposes to modify Chapter 70 of the Massachusetts General Laws by adding a new section (Section 10A) that addresses inflation adjustments for school aid for fiscal years 2007 through 2009. Specifically, the bill requires the state department of education to recalculate Chapter 70 school aid to reflect the actual costs of inflation during those years. Any additional amounts determined to be owed due to inflation will be distributed through a new column in the general appropriation act, labeled "FY 2007-2009 Inflation-Adjusted Additional Aid", which will be allocated during fiscal years 2024 through 2026. Chapter 70 school aid, which is funding provided to local school districts to support educational expenses, will be adjusted to ensure that schools receive funding that accounts for increases in the cost of goods and services over time. This retrospective adjustment means that schools will receive supplemental funding to make up for inflation-related shortfalls that occurred between 2007 and 2009, with these additional funds being distributed over the next few years.

Education

https://malegislature.gov/Bills/194/H683