Bond Commission Approves $1.4 Billion In New Borrowing At Special Meeting

Housing, schools, and roads were the top priorities during a special meeting of the state Bond Commission on Tuesday at the Legislative Office Building. Gov. Ned Lamont laid out his spending priorities for the Bond Commission at the top of the meeting. The commission’s agenda included 43 items that provided funding for everything from hazardous waste mitigation for the state Department of Energy and Environmental Protection to a study for developing a site in Rocky Hill to house the new State Archives. Overall, the big winner of the day was the Department of Transportation, which will receive over $650 million for various projects around the state. The Department of Administrative Services will receive $250 million to finance the state’s share of the cost of current payments for the construction of local school building projects and technical high schools. There was also funding for several state agencies to complete renovations and repairs to state facilities.

Bond Commission Approves $1.4 Billion In New Borrowing At Special Meeting

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