general obligation bonding

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Measure strips $1B in bonded projects off of CT’s credit card

Gampel Pavilion at UConn

The Senate voted late Thursday rebalance Connecticut’s credit card in the face of shrinking tax revenues, canceling or delaying about $1 billion in financing for a wide array of projects and programs, and to authorize $380 for municipal school construction, down significantly from recent years. Continue Reading →

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State must cut its borrowing to avoid maxing out credit card

Gov. Malloy cuts the ribbon at JM Wright Technical High School, which the state spent millions to renovate.

Connecticut is on pace to exceed its hard credit card limit by more than $320 million in two years — a projection that will tighten available borrowing for local schools, public colleges and universities, state building renovations and various projects in legislators’ districts. Continue Reading →

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