General Laws of Massachusetts (Last Updated: January 16, 2020) |
PART I ADMINISTRATION OF THE GOVERNMENT |
TITLE XII. EDUCATION |
CHAPTER 70. SCHOOL FUNDS AND STATE AID FOR PUBLIC SCHOOLS |
SECTION 5. Municipalities receiving overburden aid; reductions
Latest version.
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Beginning in fiscal year nineteen hundred and ninety-four and for every fiscal year thereafter, the following shall apply to any municipality receiving overburden aid: the overburden aid amount for said municipality shall be reduced by an amount equal to seventy-five percent of any increase over the prior year in its lottery and additional assistance local aid.