Rell proposes adding to state debt
Bond Commission: Governor plans to borrow millions for train station canopy, improvements to bridges
Published 12:42 pm, Friday, December 3, 2010
Despite Connecticut's $3.4 billion deficit, Stamford, Greenwich and several other municipalities are expected to share in retiring Gov. M. Jodi Rell's final act of beneficence as state Bond Commission chairman.
Rell's office Thursday began releasing details of the bipartisan commission's Dec. 11 agenda. The group votes to borrow funds for projects previously authorized by the Legislature.
The full agenda is expected to be released Friday.
"Stuff is still getting added and taken off," Rell spokesman Adam Liegeot said.
Liegeot could not immediately state the grand total of the Bond Commission agenda.
But, based on the information released Thursday by her office, the agenda will include at least $24.9 million worth of projects.
The governor is releasing $950,000 to build a canopy over the platform at the Glenbrook Train Station.
"This enhancement will add to the comfort and safety of commuters," Rell said in a statement. "My administration has made it a priority to get more people off the roads and into mass transit and this improvement will help in that effort."
"This funding will ensure our commitment to providing the best service possible for those who depend on the rail service in the Glenbrook community," Leone said.
Rell also plans to borrow $14.5 million to upgrade bridges in Stamford, Greenwich and elsewhere.
"Because this state funding typically covers about 30 percent of a project's cost, it means the state investment will leverage approximately $234 million in local and federal dollars to complete the work," Rell said. "Even better, these projects are expected to keep or create more than 2,000 jobs."
The list of local bridges includes locations on Palmer Hill Road, Sherwood Avenue and John Street in Greenwich and Cold Spring Road, Richmond Hill Avenue and June Road in Stamford.
Rell, a Republican whose final day in office is January 5, is convening the Bond Commission even as she leaves her Democratic successor, former Stamford Mayor Dannel Malloy, with an estimated $3.4 billion deficit. It is the first meeting of the Bond Commission since August.
Connecticut's bonded debt stands at $19.4 billion, according to the state comptroller's office.
Staff Writer Brian Lockhart can be reached at email@example.com.