Connecticut Attorney General George Jepsen on Wednesday issued a formal opinion saying a mistake in a June bond sale covenant will not impact the state’s ability to borrow over the $1.9 billion bond cap. State…
Connecticut bonding
[et_pb_section admin_label="section"][et_pb_row admin_label="row"][et_pb_column type="4_4"][et_pb_text admin_label="Text" background_layout="light" text_orientation="left" use_border_color="off" border_color="#ffffff" border_style="solid"] Connecticut spent more money than it took in for 10 out of 14 years, according to a long-term state analysis by Pew Charitable Trusts. The…
In 2016 Connecticut borrowed $327.4 million for public projects, which included $4 million in fees for Connecticut agencies to oversee the projects, essentially borrowing to pay the cost of its employees. Those fees have added…
Connecticut cut $1 billion from its planned borrowing this year in response to lowered tax revenue but is still moving forward with a massive project to update the state office building at 165 Capitol Avenue.…
[caption id="attachment_3761" align="alignright" width="300"] Copyright: www.BillionPhotos.com Used under license Shutterstock.com[/caption] Connecticut officials are set to approve $78 million of borrowing Friday to pay for new and improved affordable housing with unit prices reaching as high…