AN ACT CONCERNING ANNUAL ADJUSTMENTS TO THE FOUNDATION AMOUNT OF THE EDUCATION COST-SHARING-GRANT FORMULA.

SB 871 adjusts the base funding amount for public school grants by increasing it annually based on the official inflation index. This change directly affects K-12 public school districts receiving state education funding under the cost-sharing-grant formula. The bill amends section 10-262f of the general statutes to automatically raise the "foundation" amount each year using inflation data. This ensures school funding keeps pace with rising operational costs without requiring annual legislative action.