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, including distributed categorical funds, from being reduced by more than one percent (1%) of the municipal education appropriation to the local education agency in the previous fiscal year. This measure 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 is set to take effect upon passage.

Statutes affected:
102: 16-7.2-4