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State borrowed from capital program to keep budget afloat

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Nearly $600 million borrowed from future capital projects to help state government pay its bills has thrown a wrench into Gov. M. Jodi Rell's efforts to bond another $260 million for the planned New Haven-to-Springfield commuter rail line.</p> <p>Legislative leaders are asking why the $580 million in short-term borrowing - approved in April 2009 when the state was more than $1 billion in deficit - still hasn't been repaid.
Keith M. Phaneuf
August 13, 2010

Nearly $600 million borrowed from future capital projects to help state government pay its bills has thrown a wrench into Gov. M. Jodi Rell's efforts to bond another $260 million for the planned New Haven-to-Springfield commuter rail line. Read more





 
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Posted on Thursday, 01 December 2011