Bill > H348

This bill proposes to amend Chapter 70 of the General Laws by adding a new section that establishes a limit for the municipal revenue growth factor, which is a mechanism used to adjust a municipality's minimum required local contribution towards supporting local schools and school districts. Specifically, the bill introduces Section 6A, which states that the preliminary local contribution will be the municipality's minimum required local contribution, adjusted by the municipal revenue growth factor. However, any increase in this contribution exceeding 2.5 percent will require an override vote by the town at a ballot election. Furthermore, if a regional school district requests an additional contribution beyond the 2.5 percent limit, all affected municipalities must vote on the override, and a majority of these municipalities must approve it for the override to pass; a tie vote will result in the override failing.