CDA flouts reporting law

The Connecticut Development Authority has purposefully violated public reporting requirements for three years in row, the state Auditors of Public Accounts allege. The taxpayer-owned bank is required to detail, by company, whether borrowers have lived up to their promise to grow jobs and wages. But the CDA simply refuses to comply. It says it’s been trying to get new legislation. The Auditors say, until that happens, the agency has an obligation to obey the law.