State transportation officials want to widen I-95 and introduce congestion or time-of-day tolling on it, to both reduce congestion and raise revenue for Gov. Dannel P. Malloy’s massive 30-year transportation plan. But there’s plenty of opposition to the widening, and if it can’t be resolved, the increasingly daunting challenge of funding the program could become that much more difficult.
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Posted inMoney, Politics
Transportation financing precarious despite new revenue
Despite the recent infusion of sales tax receipts, Connecticut’s transportation program could be in deficit by mid-2018, according to nonpartisan analysts. And while Gov. Dannel P. Malloy’s administration believes the Special Transportation Fund will remain in the black through 2020 — albeit by a razor-thin margin — nonpartisan analysts cite several problems, including surging debt and pension costs and downgraded expectations for fuel tax revenues.
Posted inMoney, Politics
Legislators resist granting Malloy his transportation ‘lockbox’
While Gov. Dannel P. Malloy watched his transportation initiative take another step forward Tuesday, it remained uncertain whether legislators are willing to insulate transportation funds from future budget cuts.
Posted inMoney, Politics
Malloy gets his transportation bonding — but not his ‘lockbox’
Gov. Dannel P. Malloy got the $2.8 billion in bonding he needs to launch his transportation overhaul initiative — but not the legal ‘lockbox’ he insisted upon to protect it.