Bond Commission Meets Friday; $254M in Bonding for DOT, $10M for Hartford Stadium on AgendaFebruary 12, 2018
Is this how taxpayers want their money spent?
Connecticut’s State Bond Commission meets on Friday, and hundreds of millions of dollars in bonding is on the agenda.
Among items of note are:
- $254 million in special tax obligation bonds to the Department of Transportation (DOT), including $118 million for “bus and rail facilities and equipment,” $51 million for bridge repair, and $30 million for road repair (pages 12-13)
- $122 million in special tax obligation bonds for “[r]ehabilitation of southbound Gold Star Bridge and Phase 1 of northbound rehabilitation” (page 36)
- $10 million to the city of Hartford “for improvements at Dillon Stadium and Colt Park, subject to the City approving an agreement to license the stadium to a professional sports team” (pages 31-32)
- $5 million for “alterations, renovations and improvements to parking garages in Hartford” (page 10)
Reclaim Connecticut noted in December that the state keeps bonding money for projects, even as it makes cuts to more essential, existing programs like the Medicare Savings Program (MSP).
Expect State Rep. Chris Davis (R-Ellington), the ranking member on the Bond Commission, to raise some questions about this kind of spending. Davis went viral last year for asking why the state was spending $12,000 on clocks amid a budget crisis.
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