The House of Representatives overwhelmingly approved a new, $1.5 billion, five-year investment program in Connecticut’s poorest cities and towns.
bond package
Posted inMoney
Finance panel eyes cap on property tax hikes, gears up for another battle over CT’s credit card
Lawmakers raised bills to cap property tax hikes, and potentially battle Gov. Ned Lamont for control of Connecticut’s borrowing.
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House Democrats ready to expand borrowing to protect state programs amid pandemic
With state finances deep in debt, House Democrats want to increase borrowing to take advantage of low interest rates.
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Legislators to break Lamont’s ‘debt diet’ by more than $1B
Lawmakers are expected to approve a two-year, $4.7 billion bond package Wednesday that shatters the governer’s “debt diet.”
Posted inHealth
Lawmakers scale back Capitol activities, order four-day cleaning to combat COVID-19
Legislative leaders closed the Capitol complex indefinitely Monday to all non-legislative functions. It will be shut for an intensive four-day cleaning starting Thursday..
Posted inPolitics
Town aid stranded by tolls debate isn’t out of political limbo yet
Connecticut’s tolls debate is over, yet millions of dollars in town aid remains in political limbo.
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Democrats: GOP has a healthy appetite for borrowing too
Republican leaders may be on the governor’s “debt diet,” but rank-and-file GOP lawmakers are bypassing the proverbial salad bar.
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With CT tolls debate on ice, fiscal issues loom large
Connecticut’s tolls debate may be over for now, but that lull only means Gov. Ned Lamont and legislators now must resolve a daunting list of fiscal challenges left in its wake.
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Lamont keeps pledge, begins release of stalled municipal aid
Gov. Ned Lamont kept his pledge to Connecticut municipalities Friday, beginning the process of releasing $150 million in municipal aid stalled since last summer by the debate over tolls.
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Lamont pledges to release stalled town aid, regardless of whether tolls are approved
Gov. Ned Lamont pledged Wednesday to support borrowing for overdue municipal aid — even if legislators reject his transportation initiative and the truck tolls that would come with it.
Posted inTransportation
A deal on bonding and a drafted transportation bill move CT closer to tolls
Gov. Ned Lamont and the General Assembly took two significant steps closer to ordering electronic tolls on large trucks that travel Connecticut’s highways.
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Action unlikely on transportation, local aid until January
Gov. Ned Lamont suggested Tuesday that long-delayed state grants to municipalities would be delivered by Christmas. That is unlikely to happen.
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Towns say winter won’t wait for Lamont, legislators to cut a deal
With $30 million in promised state aid to towns already months overdue, local leaders say seasonal demands can’t wait for resolution of tolls debate.
Posted inMoney
Lamont keeps a tight hold on CT’s credit card absent a deal with legislature
The governor released an agenda for State Bond Commission meeting that recommends about $400 million in new financing.
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Lamont’s family fight with Dems over borrowing priorities
On this issue, Republicans are ready to back the Democratic governor.