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March 15, 2016

Transportation funds lockbox moves forward

A proposal by Gov. Dannel P. Malloy for a constitutional amendment creating a special transportation fund lockbox took a step forward in the General Assembly.

The Transportation Committee voted to send the joint resolution to the House of Representatives for consideration. The amendment said the General Assembly will direct the resources of the fund solely for transportation purposes, including the payment of debt service on obligations of the state incurred for transportation purposes.

“This is the definition of a structural budgetary change, and it will protect transportation dollars,” Malloy said in a statement.

The special transportation fund lockbox amendment, if it passes the legislature, will be voted on by voters in the November 2018 statewide elections.

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