AN ACT RELATING TO TOWNS AND CITIES -- STATE AID

HB 7421 requires the Department of Revenue to annually report to the budget office the costs cities, towns, and school districts incurred for state mandates established after 1979. It mandates a public report, published on the state transparency portal, identifying school district costs that are partially funded or unfunded by the state. This report must be provided to the governor, legislature, and the public to inform budget decisions. The bill directly affects school districts bearing uncovered costs and local governments seeking reimbursement for state-mandated expenses.