The proposed bill, General Assembly Proposed Bill No. 34, aims to amend the current education funding framework by increasing the foundation amount used for the Education Cost-Sharing Grant. Specifically, it seeks to redefine "foundation" in subdivision (9) of section 10-262f of the general statutes by raising the foundation amount from $11,525 to $16,065. This change is intended to enhance funding for education and provide property tax relief to residents.

By increasing the foundation amount, the bill seeks to ensure that schools receive adequate financial support, which could lead to improved educational outcomes. The proposed adjustment reflects a commitment to addressing the financial needs of the education system while also alleviating the tax burden on property owners.