An Act relative to state aid for public schools

This bill creates a new Municipal Education Fund to provide additional financial support to specific public school districts, including those in gateway cities, rural areas, and communities with high-need students. The fund will be financed through state constitutional revenue, donations, and interest, and the Department of Elementary and Secondary Education will manage it while reporting annually to the legislature on how the money is used. It also changes how local school districts calculate their required financial contributions by adjusting the "target local contribution" based on a municipality's ability to pay, ensuring that towns with lower effort yields contribute less while those with higher yields contribute more up to a set percentage cap.