An Act to reimburse cities and towns affected by the decommissioning of power plants

This bill amends a state law to require the Commonwealth to reimburse cities and towns for lost tax revenue when power plants within their borders close (decommission). It directly affects municipalities that experience reduced property tax income due to power plant shutdowns. The key provision adds a specific funding mechanism to the existing law, directing state funds to cover this loss without creating new taxes or programs. The reimbursement applies only to tax revenue directly tied to decommissioned power plants in a given city or town.