Bill > H2303

This bill amends Chapter 40 of the General Laws to increase the allowable special education reserve fund from 2 percent to 5 percent of a school district's annual net school spending. Net school spending is a technical term that refers to the total amount of money a school district spends on education, calculated according to specific state guidelines. By raising the percentage that can be set aside in a special education reserve fund, the bill gives school districts more financial flexibility to cover unexpected or unbudgeted special education expenses. This change could help municipalities and regional school districts better manage their budgets by allowing them to maintain a larger financial cushion specifically designated for special education costs, which can sometimes be unpredictable and expensive due to the individualized services and support required for students with special needs.

Government Affairs

https://malegislature.gov/Bills/194/H2303