Lamont looking to borrow against future toll revenues

Gov. Ned Lamont sees an opportunity for Connecticut to get some transportation funding before the first electronic highway toll is even installed.

The Democrat has suggested borrowing against the $800 million a year tolls are projected to generate, so Connecticut can reap some upfront cash and accelerate spending on transportation.

But that’s a tactic that’s been blamed partly for financial challenges in at least one state, Ohio, where drivers face a gas tax increase.

Lamont’s chief of staff, Ryan Drajewicz (DRAH’-zah-witz), says the administration is learning from the experiences of other states and would be careful in any borrowing. He says “we very much don’t want to put the state in jeopardy.”

A final tolling bill for lawmakers to consider is still being negotiated.

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