BPS Testimony on Mayor Walsh's Education Funding Reform Package
Currently, the Commonwealth provides transition funding to cities for charter growth. The Commonwealth reimburses cities 100% the first year, with partial funding for five additional years. However, over the past four years, the Commonwealth has not fully funded the reimbursement, leading to a $74M loss in Boston alone. S.236 would replace the broken charter reimbursement model with a new three year transition funding system. Under this bill, the Commonwealth would fund 100% of the growth in tuition in Year 1, 50% in Year 2, and 25% in Year 3 directly to the charter schools, with the municipality responsible for the balance in Years 2 and 3. Cities and towns would be responsible for 100% of the cost from the fourth year on.
Seeks to use surplus revenue raised in Boston from the Convention Center Fund to fund Universal Pre-K. This bill would redirect the amounts generated by two specific sources that are produced exclusively in the City of Boston: the Boston Sightseeing Surcharge and the Boston Vehicular Rental Transaction Surcharge.
Seeks to update the way that cities and towns in Massachusetts receive education funding from the Commonwealth, which has not been updated since 1993. S. 223 alone would net little to no additional revenue for BPS because Boston is considered rich under the current formula. Paired with S. 220, BPS students would be able to reap the benefits of this investment.