AN ACT CONCERNING THE REBASING OF THE EDUCATION COST SHARING GRANT FORMULA FOR PURPOSES OF PROPERTY TAX RELIEF.

Summary

The measure increases the baseline amount used to calculate Connecticut’s education cost‑sharing grants from $11,525 to $18,681 over five years and ties future adjustments to inflation. It also permits municipalities to lower property‑tax rates by an amount equal to the extra state grant they receive. The goal is to ease local property‑tax burdens while boosting school funding.

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