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Connecticut to pay off $700 million in transportation debt

Russell is also urging lawmakers to divert more surplus money toward paying down debt.

News 12 Staff

Jan 8, 2025, 7:14 AM

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Connecticut State Treasurer Erick Russell has announced plans to pay off nearly $700 million in transportation debt over the next decade.

Russell is also urging lawmakers to divert more surplus money toward paying down debt. This initiative aims to reduce the state's financial burden and allocate funds more efficiently.

By paying off this significant amount of debt, Connecticut hopes to improve its financial stability and create opportunities for future investments in transportation.

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