Connecticut HB05076 proposes to lower local property taxes by rebasing the education cost-sharing grant formula.
Connecticut HB05076 amends the education cost-sharing grant formula to reduce local property taxes. It increases the foundation amount from $11,525 to $18,681 over five years and adjusts for inflation. This change allows municipalities to lower their property tax rates, with the reduction in revenue equaling the increase in grant funding.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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