General Assembly Proposed Bill No. 425 January Session, 2011 LCO No. 1700 Referred to Committee on Education Introduced by: SEN. MCKINNEY, 28th Dist. SEN. FASANO, 34th Dist. General Assembly Proposed Bill No. 425 January Session, 2011 LCO No. 1700 Referred to Committee on Education Introduced by: SEN. MCKINNEY, 28th Dist. SEN. FASANO, 34th Dist. AN ACT CONCERNING AN EXEMPTION FROM THE MINIMUM BUDGET REQUIREMENT. Be it enacted by the Senate and House of Representatives in General Assembly convened: That section 10-262i of the general statutes be amended to exempt a town from a minimum budget requirement for education if the combined state and federal aid for education is less than the prior fiscal year for such town. Statement of Purpose: To relieve towns of the fiscal burden of meeting a state imposed minimum budget requirement if state and federal funding for education declines.