State of Connecticut

Kevin Lembo says rating agencies are poised to hammer the state and its cities again.

Municipalities object to a report by Gov. Dannel Malloy's budget office that defends the level of state aid.

Adequate funding for transit is a heightened focus, says Nick Sifuentes, the new chief of the Tri-State Transportation Campaign.

The plan would toll East River bridges and charge motorists within certain parts of Manhattan, with an eye on funding transit.

The need to close a widening deficit and backstop Hartford could pressure other cities and school districts.

The state already has budget deficit two months into the fiscal year.

The governor's adjustment protects the state's neediest districts but hits others hard.

Benjamin Barnes cited austerity measures and some revenue improvements.

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

The concerns have arisen in the weeks following a round of budget negotiations that was particularly tough for several states.

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

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

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.

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.

Connecticut Gov. Dannel Malloy is developing a plan to operate state government should a budget not materialize.