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Bond Commission set to approve $124M in economic development funds

The state Bond Commission on Tuesday is scheduled to vote on $124 million in economic development funding that will support major apartment developments in Hartford and replenish a small business lending pool.

Gov. Ned Lamont, who chairs the Bond Commission, said he has placed on the agenda more than $124 million in new investments in small business growth, workforce training, and community revitalization. The commission is scheduled to convene at 2 p.m., for its last meeting of 2021.

Once items are placed on the Bond Commission agenda, they are rarely rejected. ....

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Bond Commission to consider millions of dollars for economic development projects, including in downtown Hartford

A roughly 1,000-apartment development next to Dunkin’ Donuts Park in Hartford is up for a $13.6 million infusion through the State Bond Commission’s agenda next Tuesday.

The end-of-year agenda is packed with support for economic development, arts, housing and other initiatives across the state.

The bond commission rarely denies a request once it hits the agenda. ....

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Treasurer Wooden Announces CT Credit Ratings Affirmed

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Dec. 13, 2020
Today, Connecticut State Treasurer Shawn T. Wooden announces that Moody s Investors Service, S&P Global Ratings, Fitch Ratings, and Kroll Ratings affirmed the State of Connecticut s general obligation credit ratings and stable outlooks in advance of the issuance of bonds during the next 30-days. The ratings were affirmed at Moody s A1 ; S&P A ; Fitch A+ ; and, Kroll AA- . In their reports, the rating agencies cited Connecticut s sizable Budget Reserve Fund as a stabilizing factor that strengthens our ability to weather the economic downturn caused by the COVID-19 pandemic. The fully funded Budget Reserve Fund, combined with strong and measured fiscal leadership from Treasurer Wooden and the State, yielded the stable outlook that has led to strong investor demand and record low interest rates. ....

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