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MA S1089

MA S1089
Supporting municipal fiscal stability through a special education stabilization fund


summary

Introduced
04/15/2015
In Committee
04/15/2015
Crossed Over
Passed
Dead
07/31/2016

Introduced Session

189th General Court

Bill Summary

For legislation to support municipal fiscal stability through a special education stabilization fund. Municipalities and Regional Government.

AI Summary

This bill allows school districts, after a vote by their school committee and legislative body (or a majority of member communities for regional districts), to create a special education stabilization fund. This fund can be used to cover unexpected or unbudgeted costs related to special education tuition and transportation without needing a separate appropriation. The total amount in this fund cannot exceed 2% of the school district's annual net school spending, which refers to the total amount spent on education after certain reimbursements. The district treasurer can invest the money in the fund, and any interest earned will be added to it. For regional school districts, money can only be added to this fund through appropriations approved at the annual town meetings of the member towns.

Committee Categories

Government Affairs

Sponsors (9)

Last Action

Accompanied H1831 (on 09/28/2015)

bill text


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