Connecticut Governor Proposes First Budget

O'Brien, Elizabeth
February 2005
Bond Buyer;2/10/2005, Vol. 351 Issue 32068, p2
Trade Publication
The article reports that Connecticut Governor M. Jodi Rell proposed a budget aimed at closing an estimated $1.2 billion shortfall. The two-year, $31.1 billion capital and operating budget was Rell's first since taking office last summer after former Governor John Rowland resigned amid a corruption scandal. The governor recommended $1.01 billion of general obligation borrowing for fiscal 2006, which begins on July 1, 2005 and $1.66 billion of GO bond issuance for fiscal 2007. In addition, Rell proposed special tax obligation bond authorizations of $238.9 million in fiscal 2006 and $274.4 million for fiscal 2007 to fund the state's transportation program.


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