Malloy proposes to shift more education costs onto towns
Facing a $3 billion deficit over the next two years, Malloy appears poised to propose a budget that achieves balance without significantly raising state taxes. At the same time, Malloy's changes to education funding could result in property tax increases in some towns. Malloy's proposal has three main components: changing the Education Cost Sharing formula, creating a separate fund for special education and changing the minimum budget requirement for towns.