The General Assembly Raised Bill No. 7151 seeks to enhance municipal support by mandating the Office of Policy and Management (OPM) to provide technical assistance and by amending Section 4-66l of the general statutes. The bill repeals existing language and introduces new definitions, notably expanding the definition of "municipal spending" to exclude certain expenditures such as debt service and special education costs. It also defines terms like "adopted budget expenditures" and "capital expenditure" to clarify financial parameters for municipalities. Additionally, the bill establishes a "municipal revenue sharing account" within the General Fund to manage funds for motor vehicle property tax grants and other municipal revenue sharing grants, with OPM responsible for timely disbursement.

The bill modifies the distribution of municipal revenue sharing grants based on the mill rate for motor vehicles, ensuring that municipalities with a mill rate of twenty-five or higher receive a more favorable distribution. Specific caps are set for Hartford, Bridgeport, New Haven, and Stamford regarding grant percentages, with excess funds redistributed to municipalities with higher mill rates. It also outlines conditions for reducing grant amounts if a municipality exceeds its budget expenditure cap, which is limited to a 2.5% increase or the rate of inflation, whichever is greater. The act is scheduled to take effect on October 1, 2025, and incorporates these changes into existing law.

Statutes affected:
Raised Bill: 4-66l