Apparently, CT is not taking advantage of matching funds out there, and has a surplus in its transportation fund: CTMirror
What would you prioritize? My first priority would be New Milford to Canaan which the Housatonic runs on but is owned by the state. After that?
Separate topic for passenger rail: conndot-passenger-rail-wish-list-unspen ... 76027.html
What would you prioritize? My first priority would be New Milford to Canaan which the Housatonic runs on but is owned by the state. After that?
Separate topic for passenger rail: conndot-passenger-rail-wish-list-unspen ... 76027.html
CT to leave big transportation funds unspent
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But Connecticut has resisted that lure somewhat, leaving hundreds of millions of dollars unspent in its transportation fund since 2021 — and projecting another huge surplus in the program this fiscal year.
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According to the treasurer’s office, nearly $5.4 billion in commission-approved bonding still hasn’t been issued, a backlog more than six times the size of Connecticut’s projected transportation borrowing this year.
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More than 40% of the $2.15 billion fund covers the debt service on the bonds Connecticut issues to finance upgrades to its aging infrastructure, while another 40% pays for Department of Transportation operations and public transit programs. The rest covers the Department of Motor Vehicles and fringe benefits costs.
The STF is on pace to close $204 million or almost 10% in the black when the fiscal year ends June 30, according to Gov. Ned Lamont’s budget agency, the Office of Policy and Management.
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Next stop, Willoughby
~el Jefe :: RAILROAD.NET Site Administrator/Co-Owner; Carman at Naugatuck Railroad
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~el Jefe :: RAILROAD.NET Site Administrator/Co-Owner; Carman at Naugatuck Railroad
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