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An Act To Remove the Local Requirement for Education Funding
Be it enacted by the People of the State of Maine as follows:
Sec. 1. 20-A MRSA §15671-A, sub-§6  is enacted to read:
 
6.  Below maximum state and local spending target.     Notwithstanding the provisions of this chapter, if a school administrative unit adopts a credible budget that funds public education from kindergarten to grade 12 at an amount below the maximum state and local spending target under subsection 4, the school administrative unit's required contribution under section 15688, subsection 3-A must be reduced by an amount equal to the difference between the maximum state and local spending target and the unit's budget.
 
SUMMARY
This bill provides that if a school administrative unit adopts a credible budget that is below the maximum state and local spending target under the Essential Programs and Services Funding Act the school administrative unit's required contribution must be reduced by the amount of the savings.