HARTFORD, CT – Senator Tony Hwang has officially been reappointed by Senate Republican Leader Stephen Harding to serve as Chief Deputy Leader of the Connecticut Senate Republican Caucus for the upcoming 2025-2027 session of the Connecticut General Assembly.
Senator Hwang was also appointed to be the Republican Senate Leader of the Connecticut General Assembly’s General Bonding Subcommittee in the Finance, Revenue and Bonding Committee which focuses primarily on financing the construction of buildings, grants, and loans for housing, economic development, community care facilities, school construction grants, state parks, and open space. Some bonds provide bondholders with an exemption from federal and state taxation for interest earnings. The repayment source for all general obligation bonds is the general taxing power (“full faith and credit”) of the State of Connecticut.
CT Senate Republican leader Stephen Harding in this appointment of Hwang said, “Senator Hwang has done an excellent job in this leadership position with oversight over major state infrastructure investments. He understands that these projects are vital to spurring Connecticut’s economic growth and improving our quality of life. I thank Senator Hwang for continuing to serve our state in this important role.”
The changes to state bonding instituted in 2017 as a part of the fiscal guardrails have added predictability to the state’s borrowing. Despite these controls, any borrowing has a direct impact on the state budget and amount available to spend on vital state services. Finding the right balance between making long-term investments while acknowledging short and medium-term challenges is one of the most important tasks of the General Obligation Bonding Subcommittee.