After acting on various amendments to the House Ways and Means (HWM) Committee budget, the House approved its final FY2014 proposed budget last week. The final House budget increases Chapter 70 aid by $5.3 million over HWM estimates to provide for a 15 percent reduction in minimum contributions for above effort districts. Other amendments increase Regional School Transportation Reimbursements by $500,000 and provide funding for Smart Growth School Cost Reimbursements. Estimates for other cherry sheet accounts are unchanged from the original HWM estimates.
Updated local aid estimates have been posted to the Division of Local Services website at the link below:
http://www.mass.gov/dor/local-officials/municipal-data-and-financial-management/cherry-sheets/
Please be aware that these estimates are
subject to change as the state budget process progresses. In particular, final
Charter School and School Choice assessments may change significantly when
updated with final tuition rates.
To review additional information about
how the estimates were determined and what may cause them to change in the
future, click on the link at the bottom for an index of the FY2014 programs and
links to individual explanations.
If you have
questions about these estimates please call Lisa Juszkiewicz at (617)
626-2386.
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