Surging tax receipts dramatically shrink hole in next Connecticut budget

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From CT Mirror. State tax revenue projections surged again Tuesday, shrinking the projected shortfall in the upcoming two-year budget — and leaving Connecticut with nearly $2.1 billion in reserves to combat the deficit. Gov. Dannel P. Malloy’s budget staff and the legislature’s nonpartisan Office of Fiscal Analysis upgraded revenue projections for the upcoming biennium by…

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Preventive maintenance helps stop rust due to road salt

From Transport Topics. Winter weather brings one of the trucking industry’s greatest simultaneous friends and foes: road salt. Salt prevents and melts ice, making road surfaces safer for travel, but it also significantly speeds corrosion of a truck. If left unchecked, corrosion can create dangerous conditions within key truck components, such as the electrical system.…

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Voters overwhelmingly ratify transportation ‘lockbox’

Connecticut Capital

From CT Mirror. Voters overwhelmingly ratified two amendments to the state Constitution Tuesday, including a new legal “lockbox” to safeguard funds earmarked for Connecticut’s transportation program. Voters also ratified a second amendment that would prohibit the legislature from selling, conveying, or swapping state land or buildings without first holding a public hearing. Though final numbers…

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Class 8 order surge is 12 months old

From Fleet Owner. One year after Class 8 truck orders started to surge, preliminary North American order data for October surpassed 40,000 units for the eighth month in a row, according to two research firms that track orders. FTR reports preliminary North American Class 8 orders for October at 43,000 units and ACT Research reports…

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Truckers love Stefanowski

From WTNH. Republican Bob Stefanowski got a hero’s welcome from the Motor Transport Association of Connecticut that represents hundreds of trucking firms and an estimated 60,000 employees. It’s not hard to see why. On Thursday, Stefanowski said, “Absolutely no tolls during the entire term. That’s a real promise.” Andy Anastasio of Anastasio & Sons Trucking…

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Stefanowski promises trucking firms he’ll oppose tolls

From the Associated Press. Republican gubernatorial candidate Bob Stefanowski on Thursday promised Connecticut’s trucking industry that he won’t push for highway tolls if he’s elected in November. “I will have your back,” the Madison businessman told members of the Motor Transport Association of Connecticut on Thursday. “Tolls and taxes, there’s been enough of that.” Stefanowski…

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Connecticut transportation bonds sale draws record investor interest

From Hartford Business Journal. Transportation bonds worth more than $850 million have drawn record demand from individual investors, the Connecticut State Treasurer’s office reported. The sale of the two bonds, worth $750 million and $100.1 million each, will fund transportation infrastructure improvements statewide, and refinance existing bonds for savings, State Treasurer Denise L. Nappier’s office…

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