Ken Dixon's Blog-O-Rama

Ken Dixon's Blog-O-Rama

Connecticut politics is a contact sport

25 Hours After Rell Administration (with a Little non-Help from Treasurer Denise Nappier) Promises Details on “Securitization,” Still No Info

The Blogster is puzzled this morning. 25 hours ago, OPM Secretary Bob Genuario promised that details on the no-called securitization of $1.3-billion would be released in the afternon following Gov. Rell’s budget address. It never happened. So, if your trademark is “transparency and openness,” who was the information held up? It’s long-term borrowing on anticipated income streams, so it’s not exactly pay-as-you go financial planning. Maybe that’s why the stuff wasn’t released. At this point, what we know is that they’re anticipating Connecticut residents to generate $60 million a year gambling on Keno…Release of the plan was supposedly a joint arrangement with the state treasurer and OPM. The Blogster would expect Denise Nappier’s office to drop the ball, but Rell’s office? It’s all very convenient to defer nasty little budget details for another day.

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