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Do you want to learn more about the Bond Lock and the newly imposed fiscal restrictions that put Connecticut’s prosperity at risk? Join us Wednesday, March 14, from 2:30 P.M. to 4:30 P.M. at the Lyceum for a 2-hour event explaining the Bond Lock and its implications, and what steps we can take to break the lock.
On the agenda:
The event is free. However, we appreciate if you can donate $10 to help us cover the cost of the event but all are welcome regardless of ability to donate.
Last fall’s budget created a series of fiscal restrictions intended to impose fiscal discipline. Unfortunately, the restrictions did not benefit from any public hearing or input, and they pose a significant threat to the long-term social and economic health of our state.
The most critical and time-sensitive issue for this session is the bond lock. The bond lock stipulates that whenever the state issues a bond after May 1, it must vow not to change three new spending and revenue restrictions for the life of the bond (typically 10 years). These three budget restrictions—the spending cap, volatility cap, and bonding cap— contain drafting flaws, making it more difficult for Connecticut to perform the strategic investments necessary to promote equitable opportunity and inclusive economic growth.
The Governor’s budget did not address these restrictions, neglecting an issue that, if not addressed before the state issues bonds after this May, will hamper Connecticut’s core functioning for the next decade.
For more information, read our in-depth take on the fiscal restrictions and the bond lock in our budget analysis here.
Lyceum
227 Lawrence St, Hartford
3rd Floor Conference Room
Hartford, 06106
Wednesday, March 14, 2018
2:30 PM EDT - 4:30 PM EDT
Lyceum
227 Lawrence St, Hartford
3rd Floor Conference Room
Hartford, 06106
Wednesday, March 14, 2018
2:30 PM EDT - 4:30 PM EDT
Lyceum
227 Lawrence St, Hartford
3rd Floor Conference Room
Hartford, 06106