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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.
K-12: Chapter 70 Aid

funding levels adjusted for inflation (CPI)

  • Funding History
Adjusted for inflation (CPI) NOT adjusted
FY24 Leg$6,592,623,086$6,592,623,086
FY23 Current$6,373,099,536$5,998,209,887
FY22$6,135,614,391$5,543,268,224
FY21$6,267,202,440$5,283,651,632
FY20$6,292,787,284$5,186,502,652
FY19$6,066,956,600$4,922,573,321
FY18$5,990,669,787$4,761,953,715
FY17$5,952,683,806$4,628,013,618
FY16$5,915,378,568$4,515,012,199
FY15$5,804,574,178$4,401,196,186
FY14$5,715,958,317$4,303,214,591
FY13$5,631,308,078$4,174,532,545
FY12$5,477,917,275$3,993,515,799
FY11$5,752,150,210$4,073,796,736
FY10$5,820,504,094$4,042,022,844
FY09$5,748,568,536$3,953,158,171
FY08$5,501,748,585$3,731,171,328
FY07$5,367,655,568$3,510,020,040
FY06$5,171,050,117$3,295,801,062
FY05$5,194,370,549$3,190,152,601
FY04$5,229,633,553$3,118,124,259
FY03$5,586,421,302$3,258,969,179
FY02$5,639,497,597$3,219,017,737
FY01$5,339,022,033$2,994,481,788

comparisons adjusted for inflation (CPI)

  • See Changes in Funding
Between and
Funding for K-12: Chapter 70 Aid
15.8%

comparisons adjusted for inflation (CPI)

Adjusted for inflation (CPI) NOT adjusted
FY24 Leg$6,592,623,086$6,592,623,086
FY24 Sen$6,592,177,868$6,592,177,868
FY24 SWM$6,592,177,868$6,592,177,868
FY24 Hou$6,592,177,868$6,592,177,868
FY24 HWM$6,592,177,868$6,592,177,868
FY24 Gov$6,594,595,911$6,594,595,911
FY23 Current$6,373,099,536$5,998,209,887
FY23 GAA$6,373,099,536$5,998,209,887
FY23 SWM$6,373,099,536$5,998,209,887
FY23 Hou$6,373,099,536$5,998,209,887
FY23 HWM$6,373,099,536$5,998,209,887
FY23 Gov$6,362,804,418$5,988,520,366
FY22 GAA$6,135,614,391$5,543,268,224

funding levels adjusted for inflation (CPI)

  • Active Line Items
  • All Line Items
FY23 CurrentFY24 GovFY24 HouFY24 SenFY24 Leg
7061-0008Chapter 70 Payments to Cities and Towns (Chapter 70 Aid)$6,362,804,418$6,584,595,911$6,584,313,047$6,592,177,868$6,584,758,265
7061-0009Minimum Aid Supplement $10,295,119$0$7,864,821$0$7,864,821
7061-0011Education Reform Reserve$0$10,000,000$0$0$0
FY23 CurrentFY24 GovFY24 HouFY24 SenFY24 Leg
1595-6127New Bedford Chapter 70$0$0$0$0$0
7053-1940Payment To Certain Schools$0$0$0$0$0
7061-0006Enrollment Growth Aid$0$0$0$0$0
7061-0008Chapter 70 Payments to Cities and Towns (Chapter 70 Aid)$6,362,804,418$6,584,595,911$6,584,313,047$6,592,177,868$6,584,758,265
7061-0009Minimum Aid Supplement $10,295,119$0$7,864,821$0$7,864,821
7061-0010Supplemental School Aid to Cities/Towns$0$0$0$0$0
7061-0011Education Reform Reserve$0$10,000,000$0$0$0
7061-0016Low-Income Student Supports$0$0$0$0$0
7061-9100Professional Development Grants$0$0$0$0$0

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