Alternative financing for Connecticut’s transportation fund

The State of Connecticut Office of Policy and Management (OPM) is the Governor’s staff agency responsible for formulating and implementing public policy, including the preparation of the Governor’s budget proposal for the State. One of Governor Malloy’s main policy priorities, managed by OPM in 2015, is to improve transportation and infrastructure, beginning with the long-term solvency of the Special Transportation Fund (STF). Connecticut has an underfunded and aging transportation infrastructure that is in desperate need of repair. The STF, which finances the State’s transportation activities, anticipates decreased revenues in coming years. The Capstone team researched transportation financing utilized in other states, analyzed the financial condition of the Fund, and created a model of revenue projections for the Fund, illustrating various policy scenarios for the State to consider as tools for increasing revenues and maintaining the Fund’s solvency. OPM intends to use the report to inform and guide the Governor’s vision on transportation policy.