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Should CT use pension funds to keep Connecticut Sun in state? GOP asks
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CT Mirror
Republican legislative leaders renewed their call Thursday for a professional board to oversee future investments of state pension funds, particularly given Gov.
It also stipulates specific shares of the total pension assets that must be placed in various investment categories.
But Republicans said the prospect of investing significant pension assets in the WNBA franchise — a possibility Lamont raised earlier this month — has many worried.
But, at first glance, the potential Connecticut Sun investment appears more like an economic development initiative, or even a political maneuver.
But Candelora noted that when the state has injected funds into past economic development ventures, it hasn’t involved pension assets — and legislators were kept in the know.
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