AN ACT CONCERNING THE INCLUSION OF A HOLD HARMLESS PROVISION IN THE EDUCATION COST-SHARING GRANT FORMULA.

HB 5374 would revise Connecticut's education cost-sharing grant formula to include a "hold harmless" provision. It ensures that no town receiving these grants will get less funding in future years than it received for the fiscal year ending June 30, 2025. The key mechanism prevents any reduction in a town's total grant amount below its 2025 level, regardless of changes to the formula. This directly affects all towns that receive education cost-sharing grants under the current system.