Amendment #542 to H4000

EXCESS REVENUE FOR LOCAL AID

Representatives Jones of North Reading, Peterson of Grafton, Hill of Ipswich, Poirier of North Attleborough, deMacedo of Plymouth, Wong of Saugus, Fattman of Sutton, Kuros of Uxbridge, Hunt of Sandwich, Gifford of Wareham, Diehl of Whitman, Howitt of Seekonk, Smola of Warren, Vieira of Falmouth, Barrows of Mansfield, Mirra of West Newbury, Boldyga of Southwick, Dooley of Norfolk, Orrall of Lakeville, O'Connell of Taunton, Beaton of Shrewsbury, D'Emilia of Bridgewater, Ferguson of Holden, Harrington of Groton, Frost of Auburn and Lyons of Andover move to amend the bill by adding the following section:-

“SECTION XX.  Notwithstanding any general or special law to the contrary, in the event state tax revenues for fiscal year 2015 exceed $24,337,000,000, the treasurer shall make fifty percent of the excess revenue, up to $100,000,000, available to cities and towns; provided, the excess revenue shall be distributed on a proportional basis pursuant to the distribution of unrestricted general government aid, as prescribed in section 3 of the annual general appropriations act; provided, the treasurer shall notify the house and senate chairs of the committees on ways and means, the house and senate chairs of the joint committee on education, the commissioner of revenue, the secretary of education, and the secretary of administration and finance of any distribution which is made according to this section not less than 30 days prior to the date such distribution is implemented.”.