CT HB05093

Increases the Education Cost Sharing (ECS) grant foundation amount from $11,525 to $18,681 per student, phased in over five years

Adds an inflation adjustment provision to automatically update the foundation amount annually

Authorizes municipalities to reduce local property tax rates by an amount equal to their increased state equalization aid grant funding

Amends Section 10-262f of the general statutes governing the ECS formula

Referred to the Committee on Education, introduced by Rep. Candelora and six co-sponsors