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 Danbury, and Danbury to Brewster. After that?
Separate topic for freight rail: conndot-freight-rail-wish-list-unspent- ... 76028.html
What would you prioritize? My first priority would be New Milford to Danbury, and Danbury to Brewster. After that?
Separate topic for freight rail: conndot-freight-rail-wish-list-unspent- ... 76028.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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