Mirror reporter Keith M. Phaneuf and Hartford Courant columnist Dan Haar, discuss Gov. Dannel P. Malloy’s upcoming budget proposal, big deficit projections, and whether a legal “lockbox” can ensure transportation investments will actually grow. Behind The Numbers is sponsored by the Connecticut Society of Certified Public Accountants.
lockbox
Posted inMoney, Politics
Governor seeks constitutional amendment to protect transportation funds
Gov. Dannel P. Malloy will propose amending the state Constitution to ensure revenues earmarked for transportation cannot be diverted for other purposes, the governor’s office announced Friday.
Posted inMoney, Politics
With ‘lockboxes’ for toll receipts, there are lots of ways to pick the lock
Though Gov. Dannel P. Malloy would consider restoring tolls if Connecticut creates a legal “lockbox” to ensure receipts are spent on transportation, other states’ have struggled to keep their “boxes” locked. And because Connecticut’s transportation program relies on many sources for funding, guarantees to protect toll receipts might mean little if other sources are diverted.