On May 7, 2024, the General Assembly passed H.B. 5523, a budget stabilization bill that appropriates funds for fiscal year 2025 and makes a number of different policy changes to K-12 education and other areas. Along with maintaining the $150 million in additional funding for K-12 education in FY 2025 that was allotted as part of the state budget passed last year, the bill overhauls how Connecticut distributes state education funding to school districts.
This brief details how an inflation-based adjustment to the Education Cost Sharing (ECS) formula's foundation amount could be implemented to mitigate the annual increasing costs of providing educational services. The potential adjustment would alleviate districts’ reliance on local sources to cover rising costs and would ensure all districts have the resources they need to properly operate their schools and provide their students with a high-quality education when economic changes occur.