Amendment #1315 to H5500

Excess Revenue to Local Aid

Representatives Jones of North Reading, Ferguson of Holden, Frost of Auburn, Muradian of Grafton, Vieira of Falmouth and Smola of Warren move to amend the bill by adding the following section: 

"SECTION X. Notwithstanding any general or special law to the contrary, the comptroller shall, during fiscal year 2027 but prior to the calculation of the fiscal year 2027 consolidated net surplus in accordance with Section 5C of Chapter 29 of the Massachusetts General Laws, transfer not less than twenty-five per cent of funds received in excess of the consensus revenue estimate, pursuant to Section 5B of said Chapter 29, to item 1233-2350 of section 2, not to exceed $25,000,000 .”

Additional co-sponsor(s) added to Amendment #1315 to H5500

Excess Revenue to Local Aid