Governor Malloy meets with Bond Commission about debt
By Justin Haas
Malloy responded by informing the commission that the capital budget may increase by up to $1.8 billion this year. He said, "We may be substantially less than that, But for planning purposes, I have no plans to exceed $1.8 (billion) as a maximum. A lot of it will depend on whether certain transportation projects that are greatly needed are ready to go."
He went on to say, "We're now predicting a step-up in school construction, up in the last two years, which were relatively low. There are a bunch of projects that could push that number up to $525 (million), $535 million."
Frantz said after the meeting, "It's a significant increase from what I was expecting to hear in that answer and I find it a little bit curious that the rating agencies would not have a problem with that."