The proposed bill, General Assembly Proposed Bill No. 30, aims to amend current statutes to reduce noneducation aid to the city of Hartford. Specifically, the bill stipulates that the reduction in aid will be equivalent to the debt service that the state pays on behalf of Hartford under a financial assistance contract as outlined in section 7-576j of the general statutes.
The purpose of this legislation is to mitigate the fiscal impact on the state resulting from the debt service agreement with Hartford. By implementing this reduction, the bill seeks to address the financial obligations incurred by the state in relation to the city's debt service, thereby reversing the associated fiscal burden.