An Act to fix the chapter 70 inflation adjustment

This bill amends Chapter 70 of the General Laws to adjust how public school funding is calculated for inflation. It sets a new "Foundation inflation index" based on a specific economic measure, capping annual increases in per-student funding rates at 4.5% (except for employee benefits and fixed charges, which use the prior year's rate). The changes directly affect public school districts receiving state foundation allotments by ensuring funding per student doesn't decrease below a minimum adjusted rate each year. The key mechanism prevents significant year-to-year cuts in school funding during inflationary periods.