HARTFORD — The State Bond Commission faced a standing room only crowd of happy, smiling faces while approving $1.4 billion in new bond issues Thursday during its final meeting of the 2025 calendar year. Commission members unanimously approved $985.3 million in new general obligation bonds, $374.6 million in special tax obligation bonds for transportation initiatives, and $73 million in Clean Water Fund bonds. The governor chairs the 10-member panel of state officials and legislators in charge of state borrowing. The latest funding round brought approved allocations for general obligation and transportation bonds to slightly more than $1.9 billion each for the calendar year. For general obligation bonds, the new issues authorized Thursday were slightly less, $660 million under the $2.6 billion bond allocation cap for 2025. This budget control sets an inflation-adjusted amount of general bonding for the calendar year. There are also caps on the amount of bonds the state treasurer may issue and the bond requisitions the governor may authorize.
CT Bond Commission OKs $1.4 billion in spending
