Connecticut

Groton, Conn. voters will vote in November whether to issue up to $11.2 million in bonds to cover the cost of a five-year plan to fix town roads.

Casino operators, Native American and commercial alike, are scrapping for market share. Competition is keener, discretionary dollars are fewer in a still-down economy and several states are scrambling to snare or preserve gambling revenue.

The Norwich, Conn., City Council put a $33.4 million bond referendum to pay for a new downtown police station on the November ballot.

Connecticut intends to sell to sell $600 million of general obligation bonds in two issues by year-end, following unanimous approval by the State Bond Commission.

New Haven, Conn., has a negative outlook from all three major rating agencies, but a city official speaking ahead of two bond sales would rather emphasize the positive.

Budget balances for states remain too low relative to annual expenditures, according to the National Governors Association and National Association of Budget Officers.

Budget director Benjamin Barnes, backing a new law that Treasurer Denis Nappier opposes, said enabling a state agency to sell University of Connecticut bonds opens up possibilities for the flagship[ university.

The Wadsworth Atheneum received a $2 million grant from the Connecticut Bond Commission, helping the Hartford art museum launch the second phase of a renovation project.

Connecticut has scheduled a $518 million general obligation refunding bond sale for Tuesday, while concerns mount over the state’s dwindling available cash and the possible need for extra borrowing to pay bills.

Connecticut is providing a $3 million loan to help pigment-maker Tronox Inc. establish its corporate headquarters in Stamford, Gov. Dannel Malloy announced.

Moody’s Investors Service downgraded Groton, Conn.’s long-term general obligation rating to Aa3 from Aa2 and affirmed a negative outlook.

Kroll Bond Rating Agency Inc., which two months ago issued its first state rating when it ranked Connecticut, went back to that state Monday to continue its municipal finance buildout.

Christine Shaw has become Connecticut’s deputy treasurer, Treasurer Denise Nappier announced.

Officials from distressed municipalities discussed their financial situations at The Bond Buyer's Tri-State Area Public Finance Conference on Monday.

Gov. Dannel Malloy and Comptroller Kevin Lembo on Thursday announced a reduction of roughly $13.3 billion in Connecticut’s future unfunded state employee and retiree health care liabilities, according to a finalized actuarial report.

The state of Connecticut sold $555 million of general obligation bonds on Wednesday — one day ahead of schedule — due to favorable market conditions.

Connecticut is the first public-sector issuer to receive a rating from Kroll Bond Ratings, state Treasurer Denise Nappier announced.

The board of the recently created Connecticut Airport Authority has hired Bridgeport law firm Pullman & Comley LLC as general counsel for one year.

The Connecticut Health and Educational Facilities Authority on Tuesday plans to competitively sell $47.8 million of Connecticut State University System revenue refunding bonds, Series L.

Connecticut will end fiscal 2012 with a general fund deficit of $20.7 million, according to Comptroller Kevin Lembo.