Amid Budget Crisis, Legislature Approves Malloy’s Plan to Give XL Center $70 MillionApril 28, 2017
Somehow, though, state leaders have found $70 million to spend on the Hartford's XL Center?
Gov. Dan Malloy (D-Conn.) has gained committee approval for up to $70 million in renovations to the XL Center, as reported in the Hartford Courant:
The finance, revenue and bonding committee approved $40 million for 2018 and $30 million for 2019 as part of the much larger capital improvement budget that the committee is sending for debate in the full House and Senate.
Connecticut’s budget nightmare has escalated, with the governor’s office announcing that income tax receipts are plummeting. This will lead to an expected $1.1 billion shortfall in the next two fiscal years.
At the moment, Connecticut’s GOP leaders are holding firm against tax hikes. The released their budget this week with no tax hikes, restoration of local aid, and plans to streamline government. Some Democratic state leaders, though, are looking for “new revenue” like tolls.
Connecticut’s capital city, meanwhile, faces potential bankruptcy, small towns’ property taxes are set to explode if Malloy’s plan to shift teachers’ pension cost to towns is approved.
Somehow, though, state leaders have found $70 million to spend on the Hartford’s XL Center?
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