Gov. Dannel Malloy vetoed a bill Monday that supporters said would create jobs in and around Oxford-Waterbury Airport.
In a letter explaining why he vetoed “An Act Promoting Economic Development In The Area Surrounding Oxford Airport,” Malloy said the tax breaks in the bill were too “premature.”
A copy of Malloy’s letter is posted below. Article continues after the document.
The bill would have created an Oxford Airport Development Zone in order to foster new business development, add jobs and generate new state and municipal tax revenues.
It would have achieved those goals through tax exemptions and credits meant to stimulate development.
Malloy said another new bill regarding the Connecticut Airport Authority will deal with some of the issues raised within the Oxford airport bill.
Click here to read more about the issue from CT News Junkie.
Click here to read reaction from some local state lawmakers who were in favor of the bill.
Click here to read a report from Jon Lender of the Hartford Courant.
