The bill amends Section 16-7.2-4 of the General Laws under "The Education Equity and Property Tax Relief Act." It introduces a provision that prohibits the total education aid paid to any local education agency from being reduced by more than one percent (1%) of the municipal education appropriation in the previous fiscal year. This aims to provide stability in funding for local education agencies and ensure that they do not face significant cuts in their financial support. The act will take effect upon passage.

Statutes affected:
102: 16-7.2-4