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Advisors urge indexing Connecticut’s school foundation to inflation; estimate $134.4M first-year cost
Summary
Experts from the Connecticut School Finance Project recommended tying the Education Cost Sharing (ECS) foundation amount to the state's spending-cap inflation metric to restore purchasing power; presenters estimated a roughly $12,210 foundation and a $134.4 million first-year cost under current projections.
Fran, co-chair of the subcommittee on education funding, convened members and outside experts to discuss short-term and structural changes to Connecticut’s Education Cost Sharing formula.
Patrick of the School and State Finance Project said the group’s first priority is to update the ECS foundation amount and to put in place a durable indexing mechanism tied to the state’s spending-cap inflation metric. “We are advocating for tying that foundation amount to the rate of inflation that is used in the spending cap,” he said, noting…
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