The state of Connecticut is giving the Stamford-based office technology company Pitney Bowes $10 million in forgivable loans and $17 million additional in loans, grants and tax credits, in order to keep the company in the state.
The leader of the Republican minority in the Connecticut Senate wants Democratic Governor Dannel Malloy to call state lawmakers into special session immediately. The GOP leader wants lawmakers to change state law in order to implement President Obama’s fix to the Affordable Care Act.
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.
Democratic Governor Dannel Malloy of Connecticut is pushing back against a GOP accusation that he’s been involved in unethical fundraising activity. Malloy told reporters on Wednesday that he’s done nothing wrong.