Fasano Statement on Connecticut’s Improved Credit Rating

March 19, 2019

“This good news is proof positive that the state’s historic bipartisan budget continues to put Connecticut on the right track”

Senate Republican Leader Len Fasano (R-North Haven) released the following statement regarding Standard & Poor’s elevating the outlook on Connecticut’s General Obligation bonds credit rating from “stable” to “positive” and affirmed the state’s “A” rating.

“This good news is proof positive that the state’s historic bipartisan budget continues to put Connecticut on the right track. The bipartisan budgets of the last two years put a stop to the one-party Democrat rule that hurt our state. We put strong limits on what the state could put on its credit card and we passed policies that promoted stability. As a result of these bipartisan efforts we are continuing to make progress.

“This news is further evidence that now is not the time to turn back to the tax-and-spend policies of the previous administration that hurt our state for so many years. It’s extremely concerning that Gov. Lamont wants to undo the very bipartisan policies and approach that resulted in the positive news we received today. He wants to go backwards, impose crushing tax increases, cancel tax breaks that encouraged people and jobs to stay in our state, and destabilize transportation funding. Those actions would put a chilling effect on the renewed confidence in our state.”