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State Rep. Russell Holmes, chair of the Massachusetts Black and Latino Legislative Caucus, said the caucus has taken up the bill as one of its top legislative priorities.

State Rep. Russell Holmes, chair of the Massachusetts Black and Latino Legislative Caucus, said the caucus has taken up the bill as one of its top legislative priorities.

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Legislators prioritize needed school funding update with new budget formula bill

Foundation budget falls short of needs by $1-2 billion

Educators, education activists and several state legislators gathered at the State House on Monday to call for passage of a bill that would update the formula by which the state determines the minimally adequate budget needed for each school.