State Moves Money Between Energy Funds
HARTFORD, Conn. (AP) — Environmental advocates in Connecticut criticized state lawmakers who tapped two energy conservation funds to plug budget holes.
Lawmakers restored funding to the Clean Energy Finance and Investment Authority but did so with money from a greenhouse gas program used by nine states in the Northeast, including Connecticut. The clean energy agency finances solar and other alternative energy and attracts private investment.
Benjamin Barnes, Gov. Dannel P. Malloy’s budget chief, says the state took $10 million from an education grant to replace lost funding.
He also says rising revenue will replenish the greenhouse gas program, which is used to cap emissions.
Bryan Garcia, president of the clean energy agency, said about $25 million was taken by legislators for the two-year budget and transferred to the general fund. The money is initially from utility ratepayers.
Copyright 2013 The Associated Press.