Connecticut’s fixed costs like Medicaid, debt service and retiree benefits continue to grow faster than state revenue and make up 52 percent of the state’s budget, according to the Office of Fiscal Analysis. In fiscal
debt service
A new report from Fitch Ratings placed Connecticut second only to Illinois in the amount of state debt compared to personal income. The 2020 State Liability Report looked at direct debt and net pension liabilities
When Connecticut issued bonds in June of 2018, the bond covenant said Connecticut would strictly adhere to its new $1.9 billion bonding cap until 2023 -- with no changes to underlying statutes and no exceptions.
Connecticut’s new governor and legislature will barely have time to set up their offices before facing down a $1.9 billion budget deficit for fiscal year 2020, followed by $2.5 billion deficit in 2021. So, what
Sabrina Romansky contributed to this article Connecticut's transportation funding problems have been blamed on increasing debt costs and flat or declining revenue, but a look at the history of transportation spending in Connecticut shows that,
This year we’ve tried to shine a light on Connecticut’s bonded debt, as well as our pension and retiree healthcare liabilities. When all of this debt is combined, Connecticut is one of the most indebted