Greenwich Free Press (https://greenwichfreepress.com/tag/debt/)
“Issued debt is just one of the four components of Connecticut’s liabilities, but an important one. And on that metric, the state is doing well.” – Sean Goldrick Continue Reading →
“In the last 12 budgets, we’ve appropriated the massive amount of $664 million to create improved infrastructure… We financed these projects either from cash reserves or with our successful borrowing policy of short maturities. Our general practice is to borrow over seven years: a one-year note rolled over to a second year, followed by a five year bond. The clear advantage of this approach is that the debt is rapidly retired.” – Bill Drake, Republican member of the BET Continue Reading →
“If you only fund projects with short-term debt, you may never make the large, long-term investments you need because the short-term impact on taxes would be prohibitive.” – Brooks Harris, RTM District 10, RTM Finance Committee Continue Reading →