Amendment #427 to H4200

Excess Revenue for Local Aid

Representatives Jones of North Reading, Hill of Ipswich, Poirier of North Attleborough, Gifford of Wareham, Frost of Auburn and Smola of Warren 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 2017 exceed $26,860,000,000, 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.”.

Additional co-sponsor(s) added to Amendment #427 to H4200

Excess Revenue for Local Aid