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On Bond Commission Agenda Thursday: $800M in Bond Allocations

September 17, 2018 By Staff
On Bond Commission Agenda Thursday: $800M in Bond Allocations

The bond commission is set to approve $800 million in allocations, in what could be one of Dan Malloy's last Bond Commission meetings as governor.

The State Bond Commission will meet in Hartford on Thursday, and big money is on the agenda: almost $800 million in bond allocations, according to a rough count from Reclaim Connecticut.

The agenda for Thursday has 37 items, which adds up to some big bonding from the state:

  • $496M (million) in General Obligation allocations
  • $300M in Revenue Bonds/other transactions

Some highlights:

  • Item #1: $16M to finance construction of a Hartford parking garage
  • Item #20A(8): $112M for reconfiguration of the I-91 North exit to the Charter Oak Bridge
  • Item #21: $554K for track improvements and installation of field lighting at Hartford HS
  • Item #32B: $5M to Synchrony Bank, under the First Five program
  • Item #32C: $8.8M to Aer Lingus
  • Item #32D: $5M to Gartner, Inc.
  • Item #36E: $217K for “construction of a playground and splash pad at DeGale Field” in New Haven
  • Item #36H: $100K for construction of a playscape in West Haven

Susan Hatfield, a Republican running for attorney general – who would have a seat on the Bond Commission if she wins in November – honed in on the “splash pad” line item.

“The state isn’t in a position to fund a splash pad for the City of New Haven,” Hatfield said. “Instead of handing out raises to employees, the City should have used the $244,000 in raises to fund the splash pad. It’s not the time for the state to be handing out money to municipalities who recklessly spend taxpayers money.”