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debt diet

Posted inMoney

House Democrats ready to expand borrowing to protect state programs amid pandemic

Avatar photo by Keith M. Phaneuf November 10, 2020 @ 4:53 pmJuly 13, 2022 @ 2:46 pm

With state finances deep in debt, House Democrats want to increase borrowing to take advantage of low interest rates.

Posted inMoney

Pandemic restricts Connecticut’s credit card; planned projects would shatter it by $2B

Avatar photo by Keith M. Phaneuf July 13, 2020 @ 5:00 amMarch 5, 2022 @ 12:36 am

More than $2 billion in planned projects might have to be suspended to keep state borrowing under a tight cap.

Posted inMoney

Legislators to break Lamont’s ‘debt diet’ by more than $1B

Avatar photo by Keith M. Phaneuf March 11, 2020 @ 1:09 pmMarch 5, 2022 @ 12:26 am

Lawmakers are expected to approve a two-year, $4.7 billion bond package Wednesday that shatters the governer’s “debt diet.”

Posted inMoney

Democrats: GOP has a healthy appetite for borrowing too

Avatar photo by Keith M. Phaneuf February 28, 2020 @ 5:00 amMarch 5, 2022 @ 12:25 am

Republican leaders may be on the governor’s “debt diet,” but rank-and-file GOP lawmakers are bypassing the proverbial salad bar.

Posted inMoney

Lamont’s family fight with Dems over borrowing priorities

Avatar photoAvatar photo by Keith M. Phaneuf and Mark Pazniokas August 20, 2019 @ 5:18 amMarch 5, 2022 @ 12:15 am

On this issue, Republicans are ready to back the Democratic governor.

Posted inMoney

Lamont, Democrats struggling to reach deal on new bonding plan

Avatar photo by Keith M. Phaneuf July 19, 2019 @ 11:50 amMarch 5, 2022 @ 12:11 am

Gov. Ned Lamont and his fellow Democrats are sparring once again over Connecticut’s credit card.

Posted inMoney

Lamont would ease ‘debt diet’ in final push for tolls

Avatar photo by Keith M. Phaneuf July 15, 2019 @ 5:49 pmMarch 5, 2022 @ 12:14 am

The governor is asking fellow Democrats to consider a scaled-back proposal that only would place tolls only in strategic locations.

Posted inPolitics

Fonfara rebels at Lamont’s ‘debt diet’

Avatar photoAvatar photo by Keith M. Phaneuf and Mark Pazniokas April 25, 2019 @ 4:41 pmMarch 5, 2022 @ 12:07 am

With a proposal for lawmakers to seize control of the state’s credit card, a state senator is calling the governor’s “debt diet” unpalatable.

Posted inMoney

Lamont’s ‘debt diet’ hits an already lean nonprofit safety net

Avatar photo by Keith M. Phaneuf March 4, 2019 @ 6:00 amAugust 1, 2022 @ 3:52 pm

Gov. Ned Lamont’s proposed “debt diet” would suspend a key grant program that helps nonprofit agencies make building repairs, upgrade information technology, purchase new equipment and meet other capital needs.

Posted inMoney

Progressives ready to battle Connecticut’s rich over taxes

Avatar photo by Keith M. Phaneuf February 14, 2019 @ 3:05 pmMarch 5, 2022 @ 12:05 am

A major liberal block in the House of Representatives warned Thursday it favors raising income taxes on rich households, staunchly opposes repeal the estate tax, and fears Gov. Ned Lamont’s budget could shift burdens onto the middle class.

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