It is not the first time the Legislature has considered the issue.
The Legislature considered the law, but it never got out of committee.
Legislatures in some 30 states considered challenges to the federal law.
Each new legislature has considered changes to the distribution formula.
He said the Legislature might consider changing the law at a special session, which was expected to be held to address financial issues.
The legislatures of other countries are also considering similar legislation.
The Legislature has been considering the changes as one of many ways to reduce the state's high property taxes.
The Legislature has considered a procedure already adopted in some two dozen states.
While the Legislature has considered but failed to pass similar proposals in recent years, this year appears to be different, officials say.
Connecticut's legislature is considering a bill to establish a similar system.