Lawmakers raised bills to cap property tax hikes, and potentially battle Gov. Ned Lamont for control of Connecticut’s borrowing.
State Bond Commission
Posted inMoney
GOP leader: Lamont is spending when he should be hiding CT’s credit card
Gov. Ned Lamont wants to spend $550 million on capital projects, a move one called “irresponsible” given CT’s fiscal woes.
Posted inTransportation
Brief outbreak of tolls debate marks Bond Commission meeting
The unifying crisis of the coronavirus pandemic wasn’t enough Thursday to keep the tolls debate from briefly resurfacing.
Posted inMoney
State Bond Commission runs hard into technical difficulties
“Should I be listening to the jazz music on CT-N?” asked Rep. Chris Davis, R-Ellington. The answer was no.
Posted inEconomic Development, Health, Money, Transportation
CT maintains funds for transportation, port development, amidst pandemic
The State Bond Commission will consider $1 billion in financing next week, most involving transportation infrastructure and overdue town aid.
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.
Posted inMoney
Lamont threatens to clamp down on borrowing if tolls not approved
The governor said he’d consider shifting more borrowing capacity away from non-transportation initiatives to support Connecticut’s highways, bridges and rail lines.
Posted inMoney
Lawmakers make push to wrest control of CT’s credit card from governor
A key legislative panel overwhelmingly sent a bipartisan message late Wednesday to Gov. Ned Lamont: They want greater control over the state’s credit card.
Posted inEconomic Development
Malloy defends his legacy on jobs growth and borrowing
In an impromptu valedictory address on his economic and fiscal policies, Gov. Dannel P. Malloy defended his economic record and use of state borrowing Tuesday, saying public investments drove private-sector job growth to new heights, improved Connecticut’s municipal schools and public universities, and strengthened its cities.
Posted inPolitics
Malloy defends investment record at penultimate Bond Commission meeting
Gov. Dannel P. Malloy, keenly aware of the unwelcome role his record is playing in the campaign to succeed him, spent one of his final State Bond Commission meetings Thursday defending state borrowing made during his tenure to promote economic development statewide and help Connecticut’s struggling capital city.
Posted inTransportation
Bond commission approves $10M for electronic tolls study
The State Bond Commission approved $10 million in financing Wednesday for an analysis of establishing electronic tolling on most Connecticut Highways.
Posted inMoney
State approves $14M to bring Infosys, 1,000 tech jobs to Hartford
The State Bond Commission approved financing Friday to provide $14 million to Infosys, an India-based information technology company developing a new training and innovation hub in Hartford as part of a major expansion in the U.S.
Posted inMoney
Bond commission approves economic development funds
The State Bond Commission approved financing Friday for a wide array of economic development initiatives and the first wave of relief for homeowners struggling with crumbling foundations.
Posted inMoney, Politics
A frosty Friday for Malloy, GOP over $350M in borrowing
The battle to balance Connecticut’s budget spilled over onto its credit card Friday at the Bond Commission, where the prospect of more borrowing sparked what Gov. Dannel P. Malloy called one of his “weirder” confrontations with legislators. Malloy and two Republican legislators on the commission sparred over the necessity for hundreds of millions of dollars in approved borrowing.
Posted inMoney, Politics
State bonding chair Betty Boukus praised as advocate for all of CT
Gov. Dannel P. Malloy and the State Bond Commission honored Rep. Betty Boukus, who lost her re-election bid last week, as a tireless public servant whose oversight of state financing for capital projects has assisted every corner of the state.