AN ACT CONCERNING A HOLD HARMLESS PROVISION FOR THE EDUCATION COST-SHARING GRANT FORMULA.

HB 5126 amends Connecticut's education grant formula to prevent towns from experiencing reduced funding under the current cost-sharing system. It directly affects towns receiving education cost-sharing grants by ensuring their current grant amounts won't decrease if the formula is adjusted. The key provision adds a "hold harmless" mechanism, guaranteeing that towns won't lose funds due to changes in the grant calculation method. This is a procedural adjustment to the existing formula, not a new funding source.