Budget Amendment ID: FY2024-S3-611

EDU 611

Foundation Reserve One Time Assistance

Messrs. Tarr, Montigny and O'Connor moved that the proposed new text be amended in section 2, by inserting after item 7061-0008 the following item:-

"xxxx-xxxx. For a reserve to provide extraordinary relief to districts in the commonwealth whose municipalities have been disproportionately impacted by increases in target local contribution in recent years that negatively affect their chapter 70 aid; provided, that no funds distributed from this item to a municipality or regional school district shall be considered base aid in fiscal year 2025; and provided further, that notwithstanding any general or special law to the contrary, any funds distributed from this item to a city, town or regional school district shall be deposited with the treasurer of such city, town or regional school district and held in a separate account and shall be expended by the school committee of such city, town or regional school district without further appropriation...…$10,000,000"