Establishes a regional school assessment reserve fund for municipalities in Massachusetts to manage assessment increases.

The bill allows municipalities in Massachusetts to establish a reserve fund for regional school assessments. This fund can be used to cover assessment increases exceeding 3.5% from the previous year. The fund's balance cannot exceed 10% of the annual regional assessment for the municipality. Funds can only be withdrawn if the assessment increase is more than 3.5%, aiming to limit the increase to no more than 2.5%. The municipal treasurer can invest these funds, with any interest earned credited back to the fund.

Establishes a regional school assessment reserve fund for municipalities in Massachusetts to manage assessment increases.

The bill allows municipalities in Massachusetts to establish a reserve fund for regional school assessments. This fund can be used to cover assessment increases exceeding 3.5% from the previous year. The fund's balance cannot exceed 10% of the annual regional assessment for the municipality. Funds can only be withdrawn if the assessment increase is more than 3.5%, aiming to limit the increase to no more than 2.5%. The municipal treasurer can invest these funds, with any interest earned credited back to the fund.