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Governor Rell Blasts Vote to Strip F-22 Raptor Funding
Governor M. Jodi Rell today blasted a 58-40 vote in
the U.S. Senate to strip $1.75 billion in funding for seven additional F-22
Raptor fighter planes, but said the effort to preserve the program – which
has major implications for
“This is a seriously short-sighted decision – but fortunately it is not the
final verdict,” Governor Rell said. “I will
continue working with the “Of
course, it is an ill-considered decision from an economic standpoint as
well,” the Governor said. “The F-22 is powered by jet engines made at Pratt
& Whitney and includes components from numerous “In
the midst of the greatest economic turmoil since the Great Depression – and
at a time when Congress has approved countless hundreds of billions of
dollars in stimulus funding and bailouts for banks and automotive
manufacturers – I cannot understand why this relatively small amount of money
is seen as a stumbling block,” Governor Rell said.
“I appreciate the efforts of Senators Dodd and Lieberman today and I know that
all the members of the |
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Our State |
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Governor Rell Signs Trio of Bills
to Help
Governor M. Jodi Rell today announced she has
signed three important bills that will help more Connecticut families who are
struggling to pay their mortgages keep their homes, including a bill making
the state’s foreclosure mediation process mandatory – rather than optional –
for all foreclosures that began after July 1. The bills also set new
standards for mortgage professionals, expand eligibility for state mortgage
assistance programs and create the crime of residential mortgage fraud.
“Far too many
“Our goal is to help those
Under Senate Bill 948, An Act Concerning Implementation of the S.A.F.E.
Mortgage Licensing Act, the voluntary foreclosure mediation program
established in 2008 by Governor Rell and the
co-Chairs of the Legislature’s Banking Committee – state Senator Bob Duff
(D-25) and state Representative Ryan Barry (D-12) – becomes mandatory for all
foreclosures starting July 1 and thereafter.
“Since the voluntary program has been in place, more than a quarter of
foreclosures have gone to mediation – and about 70 percent of those have been
resolved without the homeowner losing their home or the lender taking over
the property,” Governor Rell said. “It’s hard to
argue with that kind of success. We want to see many,
many more foreclosures end in similar happy circumstances.” The
bill also implements the 2008 Secure and Fair Enforcement for Mortgage
Licensing Act by establishing conditions for licensing of mortgage
professionals, including education and testing requirements.
House Bill 6481, An Act Concerning the Emergency Mortgage Assistance Program,
expands eligibility for two state-run assistance programs designed to help
responsible homeowners facing financial hardship stay in their homes.
Under current law, “financial hardship” is generally defined as a drop in
household income of 25 percent or more that cannot be offset by selling the
homeowner’s assets. The definition also includes significant increases in
mortgage payment amounts or other housing expenses, including the costs of
heat and utilities. The legislation allows the Connecticut Housing Finance
Authority (CHFA) to determine what constitutes a significant drop in the
borrower’s income and to broaden the definition of circumstances that are
outside the homeowner’s control. The
new law also allows homeowners to apply for the Emergency Mortgage Assistance
Program even before receiving a notice of foreclosure if they are 60 days or
more delinquent on their mortgage. In addition, the new law expands
eligibility for Governor Rell’s CT FAMLIES mortgage
assistance program from homeowners with adjustable-rate mortgages (ARMs) to homeowners with all types of mortgages.
Senate Bill 949, An Act Concerning Mortgage Practices, creates the
crime of residential mortgage fraud, a Class D or Class C felony. A
single instance of mortgage fraud – the act of knowingly making a material
misstatement, misrepresentation or omission during the mortgage lending
process with the intention that a lender, broker, borrower or other person
will rely on it – is a Class D felony, while multiple instances are Class C
felonies. Class D felonies are punishable by a maximum of five years in
prison and $5,000 in fines; Class C felonies are punishable by up to 10 years
in prison and $10,000 in fines. |
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Bolton Republicans Oppose Group Promotes Plan to
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Governor Rell Announces New Web Site Allows Taxpayers to Review, Weigh
In on Budget Governor M. Jodi Rell today announced that
she has created a new Web site that gives taxpayers to opportunity review the
entire two-year state budget, follow the most up-to-date changes and make
recommendations on how to make state government more efficient. “We welcome scrutiny. We welcome ideas,”
Governor Rell said. “These are challenging times that require leadership and
ingenuity. Now is not the time to fight over who
gets credit. This is not my budget, nor the Legislature’s. It belongs to the
taxpayers of The interactive budget can be accessed by
clicking on the “Budget Forum” link on the Governor’s Web site at: www.ct.gov/governorrell. One of
the prime features is the “Submit Ideas” section that provides an online
suggestion form for the public to share suggestions on anything from the
overall budget to state services. There are links to view the budgets of specific
agencies and aid to cities and towns to as well as a link to view and
download the entire 600-page document, which is divided into the following
key areas:
A comprehensive overview of state revenue
and expenditures for Fiscal Years 2007-09 is depicted in colorful pie charts
and easy-to-read graphics and also are spelled out in detail in text. “The Web site is a wonderful
educational tool. One quick look at the revenue chart, for example, taxpayers
will know instantly that more than 42 percent of our revenue comes from
personal income tax and 20 percent from sales tax. Those figures will really
resonate with everyone as we hear forecasts on unemployment and consumer
spending,” Governor Rell said. The site also includes the specifics of
Governor Rell’s Deficit Mitigation Plan intended to
close a $300 million budget shortfall and current and archived news releases
on the economy and budget. “Taxpayers deserve to know how and where their dollars are being spent and the state budget has always been open to scrutiny,” Governor Rell said. “This new Web site makes it much easier to access that information and, I hope, give the public a clearer understanding of what we are facing in these challenging economic times.” |
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Bolton
Republican Town Committee Members The following citizens of |
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