ANOTHER DEM STATE WITH HIGH PROPERTY TAXES EDGES TOWARDS BANKRUPTCY

Posted on June 6, 2017

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Dow Jones Wires: “Hartford, Connecticut’s capital city and hub of the state’s insurance industry, is edging closer to joining a small club of American municipalities: those that have sought bankruptcy protection. The city’s $49.6 million budget hole and the impending departure of one of its biggest employers, Aetna Inc., have shined a light on its unusual predicament: Half of the city’s properties are excluded from paying tax…”

WSJ

Typical democrat city built on tax and spend.

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Morningstar: Hartford’s Finances Spotlight Property-Tax Quandary

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Posted in: News, Politics