Page 420

House Bill No. 5506

Public Act No. 22-118 420 of 739

previous fiscal year. [(g)] (l) For the fiscal year ending June 30, 2030, and each fiscal year thereafter, each town maintaining public schools according to law shall be entitled to an equalization aid grant in an amount equal to its fully funded grant, except any town designated as an alliance district [whose fully funded grant amount is less than its base grant amount shall be entitled to an equalization aid grant in an amount equal to its base grant amount] shall be entitled to an equalization aid grant in an amount that is the greater of (1) its fully funded grant, (2) its base grant amount, or (3) its equalization aid grant entitlement for the previous fiscal year. Sec. 268. Subdivision (2) of section 10-262f of the 2022 supplement to the general statutes is repealed and the following is substituted in lieu thereof (Effective July 1, 2022): (2) "Base aid ratio" means [(A) for the fiscal years ending June 30, 2008, to June 30, 2013, inclusive, one minus the ratio of a town's wealth to the state guaranteed wealth level, provided no town's aid ratio shall be less than nine one-hundredths, except for towns which rank from one to twenty when all towns are ranked in descending order from one to one hundred sixty-nine based on the ratio of the number of children below poverty to the number of children age five to seventeen, inclusive, the town's aid ratio shall not be less than thirteen one-hundredths when based on data used to determine the grants pursuant to section 10-262h of the general statutes, revision of 1958, revised to January 1, 2013, for the fiscal year ending June 30, 2008, (B) for the fiscal years ending June 30, 2014, to June 30, 2017, inclusive, one minus the town's wealth adjustment factor, except that a town's aid ratio shall not be less than (i) ten one-hundredths for a town designated as an alliance district, as defined in section 10-262u, and (ii) two one-hundredths for a town that is not designated as an alliance district, and (C)] for the fiscal year ending June 30, 2018, and each fiscal year thereafter, the sum of [(i)] (A) one minus the town's wealth adjustment factor, and [(ii)] (B) the town's