Jobs package to cost $516 million

Posted on October 21, 2011. Filed under: Uncategorized |

Here’s an update to yesterday’s post!

The $516 million price tag on the proposed job package would be bonded and therefore not add costs to this year’s budget – however, as Sen. L. Scott Frantz (R-Greenwich) pointed out, it would add “nearly $500 million in principal alone to Connecticut’s debt burden.”

The proposed package includes $340 million for the Manufacturing Reinvestment Account, up to $50 million for the “Small Business Express Package,” $10 million for the “Step Up” job training program,  $50 million for the “First-It-First” road improvement program, and $20 million for brownstone remediation.

Read the full article from the Connecticut Mirror.

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One Response to “Jobs package to cost $516 million”

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[…] “no.”The 77-page bill, with an estimated cost of $701 million (up from the original $516 million price tag), features a wide variety of incentives including but not limited […]

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