Increases the Commonwealth's share of the education foundation budget over several years.
This bill amends the definition of "total state target local contribution" in Chapter 70 of the General Laws. It specifies the percentage of the total state foundation budget to be funded through local contributions, with the percentage to be set annually in the general appropriations act but not to exceed 58%. The changes will take effect on January 1, 2026, and incrementally increase the Commonwealth's share over the following years.
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