It could take up to 30 years of tolling drivers to fund all the projects outlined in a tolling bill which passed out of the Transportation Committee on March 20, unless the state plans to increase bonding to pay for those projects. Committee Bill 423 provided a list of 16 ...
Establishing tolls along Connecticut’s highways and increasing the state gasoline tax by 7 cents per gallon would allow the Special Transportation Fund to issue $1.2 billion in bonds in 2022, up from $800 million this year, according to Governor Dannel Malloy's budget proposal.
Despite the suspension of 400 infrastructure projects around the state, Gov. Dannel Malloy’s $100 billion Let’s Go CT initiative is still moving forward, albeit at a slower pace, with $3.7 billion in bonding over the next five years.
Gov. Dannel Malloy issued a warning Thursday over the future of Connecticut’s special transportation fund, which will no longer be able to fully fund a number of transportation projects due to increasing debts costs and lower-than-expected revenue.