Press Releases
03/18/2019
Statement From Governor Lamont’s Office: Republican ‘Prioritize Borrowing’ Plan Isn’t Free
(HARTFORD, CT) – Governor Ned Lamont’s Senior Advisor Colleen Flanagan Johnson released the following statement in response to comments made today by State Senator Len Fasano and State Senator Henri Martin regarding the Republican’s “Prioritize Borrowing” plan:
“The idea that the Republican plan does not take any additional money from taxpayers is laughable. Since when is borrowed money free? Their idea to ‘Prioritize Borrowing’ will result in an income tax increase, doesn’t fix the deficit in the Special Transportation Fund, and saddles Connecticut taxpayers – including our kids and grandkids – with 100 percent of the cost of principal plus interest. And, with that level of borrowing, programs such as municipal aid and school construction will be drastically cut.
“Governor Lamont’s plan – which is supported by more than 50 percent of residents when they learn that the funds raised are protected by the state constitution’s lockbox and federal law – ensures a reliable, sustainable revenue stream, 40 percent of which is paid for by people who don’t even live here. Governor Lamont’s plan has broad support from residents and elected officials alike, and is the only plan being discussed that also brings both labor and business leaders to the table, as well.”
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