An Act relative to a regional school assessment reserve fund
Take action
Record your position on this measure.
Create an account to take a stance, submit a written position, or contact your legislator.
Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
This bill would allow cities and towns in Massachusetts to create regional school assessment reserve funds. These funds would be used to help cover unexpected costs related to regional school districts, such as increased transportation expenses or unanticipated facility repairs. The goal is to provide greater financial stability for regional schools and the municipalities that support them. It aims to ensure that regional schools have resources to address unforeseen financial challenges.
Key provisions
- Authorizes cities and towns to establish regional school assessment reserve funds.
- Funds in these reserves can be used to cover unexpected costs within regional school districts.
- It allows municipalities to determine the appropriate size and composition of their reserve funds.
- The funds are intended to support the financial health of regional schools.
- The bill does not dictate specific uses for the reserve funds.
Who is affected
- Cities and Towns in Massachusetts
- Regional School Districts
- Municipal ratepayers
Notable changes
- Currently, municipalities have limited tools for managing unexpected costs within regional school districts.
- This bill introduces a mechanism for building a financial buffer to address such costs.
Bill text
Read the latest version inline or switch to a previous version.
Text extraction is in progress. View the official source.
Sponsors
Official sponsors from legislative records.
2 on record
Primary sponsor
Jacob R. Oliveira
Cosponsor
Jacob R. Oliveira
Arguments
Reasons offered for and against this legislation.
Arguments in favor
No arguments in favor have been submitted.
Submit yoursArguments opposed
No arguments opposed have been submitted.
Submit yours