Construction Watch: Connecticut governor proposes cutting back on bonding to manage debt

By: | February 15, 2019
Spending cuts in Connecticut will put a squeeze on new school construction, which makes up a bulk of annual capital projects.Spending cuts in Connecticut will put a squeeze on new school construction, which makes up a bulk of annual capital projects.

 

Gov. Ned Lamont’s target is to save Connecticut $2 billion over the next 10 years. He wants to cut bond authorizations by $600 million per year. That should put a squeeze on new school construction, which makes up a bulk of annual capital projects, and in recent years pushed annual bonding authorization to about $2 billion. Read more

In other construction news:

There is little evidence of a public schooling infrastructure crisis, and massive new federal spending would likely send taxpayer money to outside districts where taxpayers refuse to use their own money for new construction. That reluctance could be because many taxpayers sense that there hasn’t been broad underfunding of public schooling or a building crisis. Read more

Levies to pay for Seattle Public Schools’ daily operations and construction projects are easily passing in this week’s vote count. King County’s $1.4 billion capital levy covers new buildings or major remodels at eight schools as well as other projects such as new roofs, windows, security upgrades, athletic fields and audiovisual systems. Read more