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Bond Commission approves $570 million in borrowing

HARTFORD, Conn. – The State Bond Commission released about $570 million in borrowing during a Friday meeting, including funding for a new courthouse in Torrington, state assistance for businesses, and bonding for projects sought by lawmakers.

The agenda passed during a quick meeting included four items for the new Litchfield Judicial District Court in Torrington, a project that has been languishing for nearly 40 years. All told, the commission authorized around $71 million for the project Friday.

The panel approved $300 million to finance the state’s share of payments on local school renovation and construction projects. It also authorized nearly $40 million for business assistance programs, including $10 million to refinance the Small Business Express program.

Lawmakers thanked Gov. Dannel P. Malloy, who chairs the commission and decides what appears on its agenda, for allowing the group to approve $9.86 million to help bankroll a host of small, local projects in towns including Bloomfield, Bridgeport, Torrington, Middletown, Burlington, Guilford, Hartford, Falls River, Branford, Danbury, Plainville, Southington, and Stratford.

See the complete story at CT News Junkie.

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One response to “Bond Commission approves $570 million in borrowing”

  1. John Hamlin

    Borrowing for these projects, which all seem worthwhile, is much better than borrowing (that’s what deficit spending is) to keep a bloated state government afloat.

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