Bill > HB05126

This bill proposes to modify section 10-262h of the Connecticut general statutes, specifically focusing on the education cost-sharing (ECS) grant formula. The bill aims to protect towns from experiencing any reductions in their grant payments, effectively establishing a "hold harmless" provision. In the context of municipal funding, a "hold harmless" provision ensures that local governments will not receive less funding than they did in a previous fiscal period, even if changes to the funding formula might typically result in reduced allocations. By amending the equalization aid grant formula, the bill seeks to provide financial stability for towns by guaranteeing that their education funding will not decrease, regardless of potential formula adjustments. This type of legislative protection can be important for municipal budgeting, as it provides predictability and prevents sudden, potentially disruptive cuts to educational funding at the local level.

Education

https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=HB05126&which_year=2025