State Faces Borrowing Cap, Bonding Rollbacks and Possible 3/5 Vote by Legislature

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With the State Bonding Commission set to meet on Tuesday for the first time since April, a recent report to the governor from the Connecticut Office of the State Treasurer calculates that the state doesn’t have much room left to borrow. By law, the state’s borrowing is capped at 1.6 times the general fund tax […]
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