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Bill > HB05076
CT HB05076
CT HB05076An Act Concerning The Rebasing Of The Education Cost Sharing Grant Formula For Purposes Of Property Tax Relief.
summary
Introduced
02/09/2026
02/09/2026
In Committee
02/09/2026
02/09/2026
Crossed Over
Passed
Dead
Introduced Session
2026 General Assembly
Bill Summary
To reduce local property taxes by rebasing the education cost-sharing grant formula by increasing the foundation amount and adjusting for inflation.
AI Summary
This bill aims to reduce local property taxes by changing how the state calculates education cost-sharing grants, which are funds distributed to municipalities to help cover education expenses. Specifically, it will gradually increase the "foundation" amount, which represents the state's target spending per student, from $11,525 to $18,681 over five years, and will also adjust this foundation amount for inflation annually. Additionally, the bill allows municipalities to lower their property tax rates by an amount equal to any increase in state equalization aid they receive, further contributing to property tax relief.
Committee Categories
Education
Sponsors (1)
Last Action
Referred to Joint Committee on Education (on 02/09/2026)
bill text
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=HB05076&which_year=2026 |
| BillText | https://www.cga.ct.gov/2026/TOB/H/PDF/2026HB-05076-R00-HB.PDF |
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