CONNECTICUT’S HIGH TAX, NO BUDGET PLAN LEADING TO BANKRUPTCY, ILLINOIS CREDIT RATING

Posted on June 28, 2017

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Fox: “Illinois isn’t the only state dealing with financial headaches these days. Connecticut, too, is facing big budget problems as major corporations flee the state’s high taxes and its fiscal future gets murkier by the day.
While Illinois is facing the possibility its credit rating hitting “junk” status, Connecticut has the distinction of the third-worst ratings in the country — behind Illinois and New Jersey.”

“S&P Global Ratings, Moody’s and Fitch all downgraded the state last month — which threatens to increase the cost of borrowing — in what officials described as a “call to action” for state leaders.”

Like Illinois, a blue state, Connecticut has no budget.


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Fox: High-tax Connecticut facing new budget mess High-tax Connecticut facing new budget mess
ILLINOIS FILE BANKRUPTCY? LOTTERY TO CLOSE, NO MORE MEGA MILLIONS, POWERBALL TICKETS

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Posted in: News, Politics