School Modernization and Reconstruction Trust (SMART) Tax Transfer

  • Description
  • Funding History
  • Proposals

The School Modernization and Reconstruction Trust Fund (School Building Assistance) is used to help school districts pay for school construction and renovation projects. When someone pays Massachusetts sales tax, one percent of the retail value of the purchase goes toward this fund.

To help school districts undertake building construction and repairs, the state has set up a permanent trust fund to which schools can apply to help cover these costs. An independent state agency, the Massachusetts School Building Authority, is charged with overseeing the funds and assigning grants to school districts, providing technical and design assistance, and preserving the financial health of the trust fund.

Updated January 2016

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