Fasano Statement Re: Treasurer’s Announcement that New Fiscal Restraints Led to Positive Bond Sale

June 8, 2018

Senate Republican President Pro Tempore Len Fasano (R-North Haven) released the following statement regarding State Treasurer Denise Nappier’s announcement that Connecticut received an overwhelmingly positive market response to its latest bond sale as a result of the market’s positive reception of the state’s bonding, spending and volatility caps included in the bond covenants.

“This news shows the undeniably positive effects of fiscal restraint. Being financially responsible is the path we need to follow if we want to move Connecticut forward. This positive reception is just a taste of what we can do when we work together to commit our state to bold steps to gets its fiscal house in order. This is a result of a bipartisan effort, thanks to an evenly divided Senate and very close numbers in the House of Representatives, that allowed the voices of all lawmakers to finally be heard. Connecticut should be encouraged by this positive news and continue in our efforts to live within our means.”