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Malloy mulls borrowing levels as he plans transportation improvements

Gov. Dannel P. Malloy (Hugh McQuaid photo)
Gov. Dannel P. Malloy (Hugh McQuaid photo)

HARTFORD, Conn. – Gov. Dannel P. Malloy isn’t ready to decide how much the state will put on its credit card in 2015.

“We’ll set a soft bond cap around the time that we actually send you all a budget,” Malloy said Monday.

In 2013 and 2014, Malloy set a $1.8 billion soft bonding cap for himself. He stayed under the cap in 2013, but blew through it by about $167 million in 2014.

Sen. L. Scott Frantz, R-Greenwich, said if the Bond Commission holds as many meetings as it did last year and each agenda includes more than $65 million in borrowing, then it’s going to blow through even last year’s $1.97 billion in borrowing.

See the complete story at CT News Junkie.

 

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