Amends the definition of "Foundation allotments" and "Foundation inflation index" in chapter 70 of the General Laws.
This bill amends the definition of "Foundation allotments" and "Foundation inflation index" in chapter 70 of the General Laws. It changes the calculation of foundation allotments to be based on enrollment in each foundation enrollment category and the per-pupil rate assigned to each foundation category. It also modifies the foundation inflation index to be the ratio of the value of the implicit price deflator for state and local government consumption expenditures and gross investment in the first quarter of the prior fiscal year to the value of that same deflator in the first quarter of.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.