Supporters say that borrowing money directly from private investors rather than the traditional method of using municipal bonds is “efficient” and “innovative.” It offers “improved service” and “superior design.” It gives “customers”—note: not citizens— “superior service” and “more choice.” Such language is floating around the State Capitol building these days, as Gov. Ned Lamont is once again proposing to loosen existing state rules governing the signing of infrastructure public-private partnerships.
