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Inflation Adjustment
  • CPI: adjusts for changes in the cost of goods and services purchased by consumers
  • IPD: adjusts for changes in the cost of goods and services purchased by governments
  • Economic Growth: adjusts for changes in the size of the state economy (measured in terms of total personal income)
  • None: does not capture changes in the value of a dollar over time.

Smart Growth School Cost Reimbursement (40S Payments)

1233-2401

funding levels adjusted for inflation (CPI)

  • Funding History
  • Description
  • Proposals
Adjusted for inflation (CPI) NOT adjusted
FY18 $250,000 $250,000
FY17 $255,597 $250,000
FY16 $468,623 $450,000
FY15 $524,188 $500,000
FY14 $527,945 $500,000
FY13 $536,152 $500,000
FY12 $396,561 $363,699
FY11$0$0
FY10$0$0
FY09$0$0
FY08$0$0
FY07$0$0
FY06$0$0
FY05$0$0
FY04$0$0
FY03$0$0
FY02$0$0
FY01$0$0
  • See Changes in Funding
Between and
Funding for Smart Growth School Cost Reimbursement (40S Payments)
N/A

comparisons adjusted for inflation (CPI)

The state's Chapter 40S program provides incentives for zoning rules that encourage the development of higher density residential and commercial space. This is often referred to as Smart Growth Development. With greater density of new homes, it is common for more children to enroll in public schools. To help districts accommodate these new students, the Chapter 40S program provides payments to cities and towns to help offset new costs.

Chapter 40S payments supplement the other school aid received through the state’s K-12 education funding system (Chapter 70) and local sources of funding. Unlike Chapter 70 state aid, Chapter 40S payments are not guaranteed every year.

Updated March 2016

Adjusted for inflation (CPI) NOT adjusted
FY18 GAA $250,000 $250,000
FY18 Leg $250,000 $250,000
FY18 Sen $500,000 $500,000
FY18 SWM $500,000 $500,000
FY18 Hou $250,000 $250,000
FY18 HWM $250,000 $250,000
FY18 Gov $250,000 $250,000
FY17 $255,597 $250,000