Allows school districts to retain unused general funds annually, up to 3% of the current fiscal year's budget appropriation.

The bill amends RSA 198:4-b to allow school districts to retain unused general funds annually, provided the total amount does not exceed 3% of the current fiscal year's budget appropriation. These funds can only be spent due to an unusual circumstance and require a public hearing and annual report. The legislative body of Manchester may authorize the retention of these funds. The bill rescinds existing indefinite authorizations and applies to tax rates for the fiscal year ending June 30, 2027.

Allows school districts to retain unused general funds annually, up to 3% of the current fiscal year's budget appropriation.

The bill amends RSA 198:4-b to allow school districts to retain unused general funds annually, provided the total amount does not exceed 3% of the current fiscal year's budget appropriation. These funds can only be spent due to an unusual circumstance and require a public hearing and annual report. The legislative body of Manchester may authorize the retention of these funds. The bill rescinds existing indefinite authorizations and applies to tax rates for the fiscal year ending June 30, 2027.