Baiting Wild Turkeys
Eliminates the 4.5% cap on Chapter 70 inflation by using IPD-only growth, potentially boosting state aid when inflation rises and increasing budget pressure.
Eliminates the 4.5% cap on Chapter 70 inflation by using IPD-only growth, potentially boosting state aid when inflation rises and increasing budget pressure.
S.345 would remove the statutory cap that limits the annual inflation adjustment used in Massachusetts’ Chapter 70 school aid formula. In short, the bill replaces the current “lesser of … and 1.045 (4.5%)” language with a straight inflation ratio based on the implicit price deflator for state and local government purchases. This allows the Chapter 70 inflation factor to exceed 4.5% when the deflator so indicates.
Stakeholders (school districts, municipal finance officers, education advocates, and state budget analysts) should review the bill’s fiscal impact statement and the projected IPD path to assess concrete budgetary effects.
Compiled from official sources — confirm details with the bill’s official record.
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