An Act relative to a regional school assessment reserve fund

This bill allows Massachusetts municipalities to create a reserve fund to manage future increases in regional school assessments. Municipalities can establish the fund by legislative vote, with the reserve limited to 10% of the annual regional assessment. When a regional assessment increase exceeds 3.5%, the fund can be used (after another legislative vote) to reduce the increase to no more than 2.5%. The fund's money can be invested per existing rules, with interest added back to the fund. It directly affects municipalities that adopt the provision, providing a mechanism to buffer sudden school funding jumps.