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

Plain English Breakdown

The official source material does not provide specific details about how municipalities will reduce property taxes in relation to increased grant funding, only that the reduction is equal to the increase in aid.

Act to Lower Property Taxes Through Education Grants

This act aims to lower property taxes by changing how education grants are calculated, including raising the base funding level and adjusting it for inflation over five years.

What This Bill Does

• Increases the basic funding level for schools from $11,525 to $18,681 over five years.
• Adjusts this funding amount each year based on changes in inflation.

Who It Names or Affects

• School districts and municipalities that rely on education grants.
• Property owners who pay local taxes.

Terms To Know

Foundation amount

The base funding level for schools provided by the state.

Inflation adjustment

Increasing a value each year to match changes in prices and costs.

Limits and Unknowns

• It is not clear how much property taxes will actually decrease.
• The bill does not specify the exact method for adjusting funding based on inflation.

Official Summary Text

To reduce local property taxes by rebasing the education cost-sharing grant formula by increasing the foundation amount and adjusting for inflation.

Current Bill Text

LCO No. 833 1 of 2

General Assembly Proposed Bill No. 5093
February Session, 2026 LCO No. 833

Referred to Committee on EDUCATION

Introduced by:
REP. CANDELORA V., 86th Dist.
REP. O'DEA, 125th Dist.
REP. RUTIGLIANO, 123rd Dist.
REP. ACKERT, 8th Dist.
REP. ZUPKUS, 89th Dist.
REP. ZAWISTOWSKI, 61st Dist.
REP. CARNEY, 23rd Dist.

AN ACT CONCERNING THE REBASING OF THE EDUCATION COST
SHARING GRANT FORMULA FOR PURPOSES OF PROPERTY TAX
RELIEF.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:

That (1) subdivision (9) of section 10 -262f of the general statutes be 1
amended to redefine "foundation" by (A) phasing in an increase of the 2
amount of the foundation from eleven thousand five hundred twenty -3
five dollars to eighteen thousand six hundred eighty-one dollars over a 4
five-year period, and (B) adding a provision that adjusts such amount 5
in accordance with inflation, and (2) the general statutes be amended to 6
allow municipalities to reduce property tax rates so that the reduction 7
in property tax revenue is equal to the amount of the increase in 8
equalization aid grant funding. 9
Proposed Bill No. 5093

LCO No. 833 2 of 2

Statement of Purpose:
To reduce local property taxes by rebasing the education cost -sharing
grant formula by increasing the foundation amount and adjusting for
inflation.