Since 2011, Connecticut has bonded nearly $1.8 billion for economic development, but the effort has produced little effect on the state’s economy. During the seven year period from 2011 through 2017, Connecticut’s gross domestic product declined 1.6 percent when adjusted for inflation, according to figures from the Bureau of Economic Analysis.
Marc E. Fitch
Don Shubert, head of the Connecticut Construction Industries Association, and Mary Tomolonius, executive director for the Connecticut Association for Community Transportation, implored supporters and members to attend tomorrow’s Bond Commission meeting in support of transportation funding and Gov. Dannel Malloy’s $10 million tolling study. An email from Tomolonius dated July ...
Connecticut’s new Pension Sustainability Commission held a press conference today in the Legislative Office Building to announce its mission: to consider transferring state assets to Connecticut's pension funds to help reduce the state's unfunded liabilities.
Public Transportation and Fringe Benefit Costs Grow Much Faster than Connecticut Transportation Revenue
Connecticut's transportation funding problems have been blamed on increasing debt costs, but a look at the history of transportation spending in Connecticut shows that, when adjusted for inflation, the biggest cost increases have been for public transportation and fringe benefits for employees.