AP NEWS

Lamont plans to skip some meetings to issue state bonds

April 2, 2019

HARTFORD, Conn. (AP) — Connecticut Gov. Ned Lamont says he plans to limit the number of State Bond Commission meetings as part of his “debt diet,” an effort to reduce state borrowing.

The Democrat presided Tuesday over his first meeting since becoming governor. His agenda included less than half the number of items often approved monthly for bonding. The list included items such as $30 million in Town Aid Road funds; $20 million to assist homeowners with crumbling foundations; and $69 million for road resurfacing work.

Lamont says he’ll “probably skip the next” commission meeting, adding that he hopes to reduce the state’s annual bond authorizations to less than $1 billion over the next couple of years.

Under former Democratic Gov. Dannel P. Malloy, the state averaged about $1.6 billion in annual bond authorizations.