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

Plain English Breakdown

Checked against official source text during the last sync.

HB05093: Changing School Funding to Lower Property Taxes

This bill changes how school funding is calculated so that towns can lower property tax rates.

What This Bill Does

• Increases the base amount used in the education cost-sharing grant formula from $11,525 to $18,681 over five years.
• Adds a rule to adjust this funding amount based on inflation each year.
• Allows towns to lower their property tax rates by an amount equal to the increase in state school aid money they receive.

Who It Names or Affects

• Local municipalities that collect property taxes
• Property owners who pay local taxes for schools

Terms To Know

Rebasing

Changing the starting number or base amount used in a calculation formula.

Foundation Amount

The specific dollar figure used to calculate how much state money goes toward school funding for each student.

Limits and Unknowns

• The bill does not list a specific date when these changes will start.
• The text does not explain exactly which towns qualify or if all must participate in lowering taxes.

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.