Connecticut

WINDHAM, Conn. — The board of finance Wednesday gave its seal of approval for a $112.3 million appropriation and bonding for the Windham High School building project.

The region's slipping volume reflected a national trend.

A mix of debt restructuring and labor concessions could keep Connecticut's capital out of bankruptcy court.

The Norwich City Council voted unanimously Monday to send an ordinance appropriating $5 million in bond money for infrastructure improvements to referendum.

Benjamin Barnes cited austerity measures and some revenue improvements.

The rating agency cited state budget volatility that affects local government aid.

Norwalk went forward with a $35 million bond sale Tuesday to pay for school construction and other capital improvements projects.

Three major rating agencies have reaffirmed Norwalk, Conn.'s top-notch credit rating in advance of a $35 million bond sale next week.

It's two downgrades this week for Connecticut's troubled capital city.

Costly mandates and aging infrastructure are among the challenges S&P cited.

A collaborative effort is needed to keep Hartford out of bankruptcy, Connecticut Gov. Dannel Malloy said.

Junk status underscores the need for a 'far-sighted restructuring,' according to Luke Bronin.

S&P Global Ratings dropped Connecticut's capital two notches to junk-level BB.

Hartford, Conn., on the brink of insolvency, hired Greenberg Traurig LLP as restructuring counsel.

Malloy says he's open to revenue bonds

Barring a dramatic turn of events, Connecticut will miss its midnight budget deadline.

WEST HAVEN, Conn. -- The City Council approved bonding ordinances for both the $17.35 million financing of the city's accumulated deficit and the $133.25 million West Haven High School reconstruction.

Chances of an on-time Connecticut spending plan faded.

Connecticut's governor asked lawmakers to consider a “mini-budget” should the state miss Friday's deadline.

The union rank and file must OK the agreement as a budget deadline nears.