CT SB01247

Authorizes the State Bond Commission to issue up to $733,405,019 in general obligation bonds effective July 1, 2025, and $532,500,000 effective July 1, 2026, for state capital projects including IT infrastructure ($75M each year), state park improvements ($40M/$30M), Department of Correction facilities ($50M/$55M), new Windham Technical High School ($113.7M), and planning for Whiting Forensic Hospital replacement ($50M).

Authorizes $200 million in each of FY2026 and FY2027 for Department of Housing programs including affordable housing development, rehabilitation, homeless housing, elderly housing, hazardous material abatement, and related infrastructure; increases the Housing Trust Fund bond cap to $1.15 billion and extends the Crumbling Foundations Assistance Fund to $300 million with annual $25M authorizations through 2029.

Provides approximately $3.13 billion in special tax obligation bonds across FY2026–FY2027 for Department of Transportation projects, including $379.6M/$431.6M for Fix-it-First bridge and road repair programs, $175M/$185M for capital resurfacing, $277M/$285M for bus and rail facilities, $100M each year for Northeast Corridor rail modernization, and $80M each year for the Local Transportation Capital Improvement Program.

Establishes new bond-funded programs including a $50M greyfield revitalization program to repurpose obsolete commercial properties, $80M over seven years for early childhood facility construction, $2.4 billion for a Green Bond Fund administered by PURA, $50M for affordable housing construction jobs, $30M for workforce innovation, $30M for rural housing and economic development, and $60M for public school repair and improvement.

Increases or extends existing bond authorizations for numerous programs, including school construction (to $14.96 billion), clean water fund (to $2.45 billion in GO bonds and $5.06 billion in revenue bonds), economic development (to $1.9 billion), urban development grants (to $2.91 billion under Sec. 4-66c), the Community Investment Fund 2030 ($1.25 billion reauthorization for FY2028–FY2032), and $182 million for municipal road aid grants distributed by formula to towns and fire districts.