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CT State Colleges and Universities warns of $332 million authorized but unallocated and $332M+ deferred needs

Finance, Revenue and Bonding · March 26, 2024
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Summary

CSCU leadership told the subcommittee the unified CT State system has more than $332 million in authorized but unallocated bonding and a major deferred-maintenance backlog, and prioritized health-and-safety projects and targeted STEM investments while asking for clearer allocation schedules.

The chancellor of Connecticut's public college system told the Bonding Subcommittee that the newly unified CT State system faces a substantial capital backlog and a large pool of authorized but unallocated funds that have not been put to construction.

Chancellor Terrence Chang said the system currently shows roughly $332 million in authorized-but-unallocated balances and stressed that many of the pending projects are…

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