MS. REINSTEIN of REVERE moves that the bill be amended at the end by adding the follow Section:

Section XXX:

Chapter 70 Section 2 is hereby amended by striking the definition for Foundation inflation index and inserting in place thereof the following:

“Foundation inflation index”, in fiscal year 2003, the foundation inflation index shall equal 1.256286153. In fiscal year 2004 and in each fiscal year thereafter, the foundation inflation index shall equal the prior year’s foundation inflation index multiplied by the ratio of the value of the implicit price deflator for state and local government purchases in the first quarter of the prior fiscal year to its value in the first quarter of the years 2 years prior.