Finance panel backs bill to shrink CT transportation debt

Finance panel backs bill to shrink CT transportation debt

The legislature’s Finance, Revenue and Bonding Committee approved bills Tuesday that would reduce Connecticut transportation construction debt and would gradually phase out property taxes on motor vehicles — in the 2030s. But even with that long-range strategy, the property tax phase-out faces an uphill struggle, having sparked objections from Gov. Ned Lamont’s administration and from the Connecticut Conference of Municipalities. The Democratic-…