Connecticut

Decision instrument

The General Assembly authorizes state bonds. The Treasurer must certify that the bill stays inside the debt limit.

What public act authorizes the borrowing, and where is the purpose and the first-year cost written down? C.G.S. § 3-21(d). The State Bond Commission sets priority if the limit is tight. There is no statewide voter referendum. A town issues bonds through the officer or body its charter names (C.G.S. § 7-369). That section does not set a vote fraction.

Debt statement

No Annual Debt Statement of the New Jersey kind.

What yearly filing states gross debt, deductions, and how close the issuer is to its limit? The Treasurer certifies the state’s room under the debt limit when the legislature authorizes bonds. The June 30, 2025 stock is in the annual report. A later certificate, dated July 1, 2026, is not used as this file’s number. Town dollar rows are not attached.

Debt limit

State debt payable from General Fund taxes may not exceed 1.6 times those tax receipts. A town’s total bond debt may not exceed seven times its annual tax receipts.

What cap binds a county or a city, and is the state's own ceiling a different rule? C.G.S. § 3-21 and § 7-374. The town multiples are not a percent of property value. General debt is 2.25 times tax receipts. Urban renewal is 3.25. Water pollution control is 3.75. School buildings are 4.5. Funding a past pension obligation is 3. All of those classes together may not exceed 7. Some utility and tax-anticipation debt is outside the count. Refunding bonds are outside the state limit.

Conflict rule

A substantial conflict is a direct monetary gain or loss. Owning 5% of a class of stock makes that business the official’s.

Which ethics statute covers local officers, what counts as an interest, and who is left out? C.G.S. §§ 1-79 and 1-85. The test also covers the official’s spouse, dependent child, and a business where any of them is a director, officer, owner, or partner. A benefit that hits the whole occupation the same way is not a substantial conflict. A trust counts when the interest is more than 10% of the trust or more than $50,000, whichever is less. A town ethics board is optional. Where a town has one, elected officials are under a similar direct-gain rule (C.G.S. § 7-148h).

Geography

No county government. Nine planning regions.

What is the county-equivalent, and which cities, schools, and authorities must not be pasted onto that row? County government ended in 1960. Census uses nine planning regions, FIPS 09110 through 09190, as county equivalents. They are not governments that issue these bonds. Towns and cities borrow. Dollar rows stay blank. The eight old county names are not printed as if they still govern.

Primary money record

$16.716 billion general obligation bonds.

Which audited report is the state's own number, and as of what date? Annual Comprehensive Financial Report, year ended June 30, 2025. General obligation principal: $16,715,565,000. That figure already includes $1.773 billion of pension obligation bonds and $4.408 billion issued for school construction. Do not add them again. Authorized and unissued general obligation bonds: $4.483 billion. During the year additions were $2.549 billion and reductions were $2.766 billion. The note does not split those reductions into cash paid and refundings.

Who pays the coupon

Full faith and credit, payable from General Fund tax receipts. Fiscal 2026 debt service due is $2.491 billion.

Which fund, tax, or rate is actually pledged — not which new store might show up later? Principal due in fiscal 2026 is $1.729 billion and interest is $762 million. That is the schedule from June 30, 2025. It is not cash paid in fiscal 2025.

Other obligors

Transportation bonds: $7.784 billion. Do not add them to the $16.716 billion.

Which authorities and districts borrow beside the state and must not be added to its total? They are a separate pledge. Direct borrowings are another $215 million. Governmental bonds of all three kinds total $24.715 billion in the notes. The Treasurer’s annual report states $25.4 billion of bonds outstanding. That gap is not reconciled in the pages opened, so $25.4 billion is not used as the general obligation number.

Book-entry wall

Cede & Co., at the Depository Trust Company.

Who is the registered owner on ordinary public paper? Series-level confirmation still waits on that official statement. Beneficial owners stay unnamed.