Connecticut

Rising fixed costs and declining revenue will make balancing Connecticut Gov. Dannel Malloy's proposed $40.6 billion biennial budget a chore, said S&P.

Municipal bond issuers in the Northeast sold $116.4 billion of debt in 2016, according to Thomson Reuters data, a 13% increase that echoed a national trend.

Connecticut Gov. Dannel Malloy’s $40.6 billion biennial budget measures aim to closing a $1.7 billion annual deficit. He also wants to tax hospital properties for the first time.

Lt. Gov. Nancy Wyman's vote breaks a tie as Connecticut lawmakers pass bill that lowers the assumed rate of return on pensions and restructures payments.

Connecticut's agreement with labor unions to change various pension funding assumptions has a mildly positive credit effect on the state, said S&P.

Capital Hartford is veering out of control toward bankruptcy and needs help from a state already wobbly, said a Manhattan Institute report on Connecticut’s poorest cities.

So-called intervention bankruptcy – combining federal and state resources – could help governments manage municipal insolvency, said a Manhattan Institute report.

The University of Connecticut intends to sell $335 million in GO bonds to fund capital projects that include relocating its Greater Hartford campus.

Connecticut must enact pension system overhaul that balances fiscal responsibility and retirees’ needs, Gov. Dannel Malloy said in his State of the State speech.

Hartford, Conn.'s four-year contract firefighters will save the teetering city millions, said Mayor Luke Bronin.

Connecticut's pension commission OK'd a deal between Gov. Dannel Malloy and a bargaining coalition that lowered the state pension system's assumed rate of return from 8% to 6.9%.

Deficit-plagued Connecticut is being asked for $250 million to fix up Hartford’s money-losing, four-decade old downtown arena.

The Connecticut Housing Finance Authority received an A-minus from national environmental organization Global Green USA for its energy efficiency.

The state treasurers of Connecticut and Illinois cautiously praised Wells Fargo after the scandal-ridden bank's board of directors on Dec. 1 amended its bylaws to require and independent board chairman.

In the latest capital markets hit to Connecticut, S&P Global Ratings revised its outlook on the state to negative from stable.

Connecticut and Illinois state treasurers, in partnership with shareholder activists, called for a change in Wells Fargo’s corporate bylaws to ensure an independent non-executive board chair.

Connecticut's Bond Commission provided a controversial $35 million package to Greenwich hedge fund AQR Capital Management.

A revised outlook for Bridgeport, Conn., from negative to stable from Fitch Ratings reflects strong management, said a spokesman for Mayor Joseph Ganim.

Connecticut's State Bond Commission is expected to approve $30 million for microgrid projects intended for weather resiliency.

Connecticut's heavy reliance on the property tax to fund pre-K through 12 public education causes spending inequities, said the Connecticut Conference of Municipalities.