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MA S1646

Dedicating a portion of the stabilization fund to cities and towns


summary

Introduced
01/23/2017
In Committee
01/23/2017
Crossed Over
Passed
Dead
12/31/2018

Introduced Session

190th General Court

Bill Summary

For legislation to dedicate a portion of the stabilization fund to cities and towns. Revenue.

AI Summary

This bill proposes to dedicate at least 10% of the state's stabilization fund (also known as the "rainy day fund") to avoid or mitigate reductions in local aid to cities and towns, including funding for education (Chapter 70), lottery aid, and additional assistance. This is intended to provide additional financial support to municipalities during economic downturns or other fiscal challenges.

Committee Categories

Budget and Finance

Sponsors (3)

Last Action

Accompanied a study order, see S2497 (on 04/30/2018)

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