The bill amends Section 16-7.2-3 of the General Laws under "The Education Equity and Property Tax Relief Act" to establish a permanent foundation education aid formula. This formula will calculate foundation education aid for each district based on a core instruction amount and additional support for high-need students. The core instruction amount will be derived from regional expenditure data and updated annually, while the support for high-need students will be determined by factors such as family income and multilingual learner status.

Additionally, the bill requires the Department of Elementary and Secondary Education to develop, by October 1, 2025, alternatives to increase the amount of state education aid to districts based on poverty density levels within districts. This includes preparing expense data sourced from the uniform chart of accounts to recommend funding levels necessary to support students from various levels of poverty density. The department will also assess the impact of each alternative on both state and district levels and will consider the methodology currently employed in Massachusetts in its review. The act will take effect upon passage.

Statutes affected:
331: 16-7.2-3