With state finances deep in debt, House Democrats want to increase borrowing to take advantage of low interest rates.
More than $2 billion in planned projects might have to be suspended to keep state borrowing under a tight cap.
Lawmakers are expected to approve a two-year, $4.7 billion bond package Wednesday that shatters the governer’s “debt diet.”
Republican leaders may be on the governor’s “debt diet,” but rank-and-file GOP lawmakers are bypassing the proverbial salad bar.
On this issue, Republicans are ready to back the Democratic governor.
Gov. Ned Lamont and his fellow Democrats are sparring once again over Connecticut’s credit card.
The governor is asking fellow Democrats to consider a scaled-back proposal that only would place tolls only in strategic locations.
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.
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.
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.