An Act relative to a regional school assessment reserve fund
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This bill establishes a regional school assessment reserve fund to help regional school districts manage unexpected costs and financial challenges. The fund would be created by allocating a portion of state education funding to a dedicated reserve. This reserve would be used to support regional schools facing budget shortfalls or unforeseen expenses, promoting financial stability within the regional school system. The bill aims to provide a financial buffer for these districts.
Key provisions
- Creates a regional school assessment reserve fund.
- Allocates a portion of state education funding to the reserve.
- The reserve can be used to address budget shortfalls in regional schools.
- The fund is intended to support regional schools facing unexpected expenses.
- The fund will be administered by the Department of Education.
Who is affected
- Regional School Districts
- Municipalities
- Massachusetts State Education Department
- Students in Regional Schools
- Taxpayers
Notable changes
- Establishes a dedicated funding source for regional school financial stability.
- Provides a mechanism for regional schools to address unexpected budget needs.
Bill text
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Sponsors
Official sponsors from legislative records.
7 on record
Primary sponsor
Kathleen R. LaNatra
Cosponsors
Jacob R. Oliveira
Jonathan D. Zlotnik
Kathleen R. LaNatra
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