State bonding gridlock stalls summer repaving funds
Gov. Ned Lamont and Democratic legislative leaders repeatedly trumpeted their adoption of a new state budget “on time” in June, noting it gave cities and towns certainty about the grants they could expect.
But for the second time in three years, Connecticut cities and towns haven’t received state funding crucial for scheduled summer road repaving work.
While most municipal aid was included in the new, two-year, $43.4 billion state budget enacted in June, Connecticut issues bonds and borrows the funds it distributes in three grants — one of which is the $60 million Town Aid Road [TAR] program.
And the legislature’s Democratic majority and Lamont still haven’t finished work on a new bonding package for this fiscal year and next.
Read more: https://ctmirror.org/2019/08/15/state-bonding-gridlock-stalls-summer-repaving-funds-for-towns/