Massachusetts S303 proposes to increase the Commonwealth's share of the education foundation budget.
Massachusetts S303 amends Chapter 70 of the General Laws to redefine the "total state target local contribution" for the education foundation budget. This change specifies that the percentage of the total state foundation budget funded by local contributions should not exceed 58 percent, 57 percent, 56 percent, 55 percent, or 54 percent, as specified annually in the general appropriations act. The new percentages will take effect on January 1, 2024, January 1, 2025, January 1, 2026, and January 1, 2027, respectively.
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