Connecticut Treasurer Denise Nappier announced on Thursday that the first sale of $560.4 million is going to cost the state 3.01% in interest and it will have 15 years to pay it back. Nappier says the second wave of $314.3 million has a shorter maturity and will cost the state .5% in interest.
For the last several weeks Suffolk County lawmakers have been negotiating next year's budget. The $2.8 billion spending package is expected to be unveiled Friday afternoon. While there has been a quiet increase in criticism about how lawmakers get the budget done most still defend it.
Independent budget analysts for the Suffolk County Legislature say County Executive Steve Bellone's budget next year has a potential $50-million hole in it. But the analysts say it makes the best of the county’s fiscal problems that have built up over the years.