Bill
HD 1467
Overview: Bill Number: HD 1467, Title: An Act relative to a regional school assessment reserve fund, Status: proposed bill, Introduced: November 29, 2025Purpose and Intent: The pur
Overview: Bill Number: HD 1467, Title: An Act relative to a regional school assessment reserve fund, Status: proposed bill, Introduced: November 29, 2025
Purpose and Intent: The purpose of this bill is to establish a regional school assessment reserve fund to help stabilize and smooth out the annual assessments paid by member municipalities to their regional school districts. The intent is to provide a mechanism for regional school districts to save surplus funds in good years and draw from the reserve in years with higher than expected costs.
Key Provisions:
- Requires each regional school district to establish a regional school assessment reserve fund
- Allows the regional school district to annually contribute up to 5% of its total operating budget to the reserve fund
- Permits the regional school district to withdraw funds from the reserve to offset unexpected increases in member assessments
Affected Parties and Impacts:
- Member municipalities of regional school districts will benefit from more predictable and stable annual assessments
- Regional school districts will have a new financial tool to manage budget fluctuations and unexpected cost increases
- Taxpayers in member municipalities may see more consistent school assessment costs year-over-year
Procedural and Timeline Considerations:
- The bill has been introduced and is currently in the legislative process
- If passed, the regional school assessment reserve fund requirement would take effect for the next fiscal year
Compiled from official sources — confirm details with the bill’s official record.
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