SECTION 1. Section 3 of chapter 70 of the General Laws, as appearing in the 2008 Official Edition, is hereby amended by adding the following paragraph:
Any municipality with a combined effort yield of 100 per cent or greater of the fiscal year 2012 foundation budget and each ensuing year, shall have in fiscal year 2012 and in each ensuing year a target maximum local contribution of no more than 82.5 per cent of its foundation budget.
Any municipality with a combined effort yield less than 100 per cent of the fiscal year 2012 foundation budget and each ensuing year, shall have in fiscal year 2012 and in each ensuing year a target maximum local contribution of no more than 80 per cent of its foundation budget.
The information contained in this website is for general information purposes only. The General Court provides this information as a public service and while we endeavor to keep the data accurate and current to the best of our ability, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.