CT HB05002

Education foundation amount of $11,525 per student remains fixed through June 30, 2026, then beginning July 1, 2027 will be annually adjusted by the greater of the percentage increase in personal income or inflation

Interdistrict magnet school funding phases in over 5 years: 42% of the foundation-based formula in FY2025-2026, increasing to 56% (FY2027), 70% (FY2028), 85% (FY2029), and full funding by FY2030

Magnet school tuition charged to local boards of education phases out by FY2030: limited to 58% of FY2024 rates in FY2025-2026, declining to 44%, 30%, and 15% in subsequent years before elimination

State charter school funding increases incrementally from 56.7% of the charter grant adjustment in FY2025-2026 to full weighted funding (foundation multiplied by total charter need students) by FY2030

Early Start CT programs must give priority for child care spaces to families who previously received child care subsidies but no longer meet income eligibility standards for the Care 4 Kids program