Bill > HB05093

This bill aims to provide property tax relief by adjusting the state's education cost-sharing grant formula, which is a system used to distribute state funds to local school districts to help cover educational expenses. Specifically, it proposes to increase the "foundation" amount, which represents the state's target per-pupil spending level, from its current level to a higher amount, phasing in this increase over five years. Additionally, the bill will ensure that this foundation amount is adjusted annually for inflation, meaning it will keep pace with rising costs. The bill also allows towns and cities to lower their property tax rates by an amount equivalent to any increase in state equalization aid they receive, further contributing to property tax relief.

Education

https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=HB05093&which_year=2026