A new annual report from Truth in Accounting found Connecticut has $67 billion in bonded debt and unfunded retirement costs, making it the third most indebted state per taxpayer in the nation. The total debt, which amounts to $50,700 per taxpayer in the state, is based on Connecticut’s 2019 financial ...
Benedict Predicts the Fall of Foxwoods
WEST HARTFORD – At a breakfast organized by the Yankee Institute, author Jeff Benedict predicted the eventual collapse of Foxwoods as one of Connecticut’s most lucrative enterprises.
Courant reporter Rick Green covered the event held at Rockledge Country Club in West Hartford:
The big question will be whether foreign bankers — who have financed the casino’s striking success and who now watching as the Mashantuckets are unable to pay back hundreds of millions of dollars in loans — will be able to take control of a casino on American soil.
Benedict’s book “Without Reservation” was a revealing look inside the creation and organization of the Mashentucket Pequots, the group that built Foxwoods Casino and Resort in southeastern Connecticut.
An updated report by the Federal Reserve on Friday says that 77 percent of 4,174 people surveyed said they were doing “okay” financially during the pandemic, an increase of 5 percent since the survey was conducted in April. But the study also shows that many people are not expecting to ...