Report: CT Having Trouble Paying its Bills

There's a $200 million deficit on top of other problems.

The state is at such a rapid rate it's raising concerns among some officials that Connecticut may have to borrow money to fund its operating

In a recent report to the legislature's Finance, Revenue and Bonding Committee, State Treasurer Denise L. Nappier wrote that Connecticut's looming $200 million budget deficit has cause the funds in one account used to pay bills to drop "substantially."

The balance of the so-called "common pool," has dropped from $895 million last May to $121 million now, Nappier wrote. With the fund's depletion, she said in her report, and the state's overall spending trend "the need for temporary transfers or other resources is growing."

Her report has sparked fears among some legislators that borrowing may be needed to help fund the state's operating budget, according to a report on the Connecticut Mirror website.

Bill Radel June 07, 2012 at 07:50 PM
So much waste and overlap of services in this state..Every state department has way too many chiefs and too few braves..U-conn professors retiring on $180,000 per year..Many make more than our president..Disability and hand-outs are very generous in Ct..Inmates and their families receive large benefits and that gene pool expands at an increased rate because of it..A negative population growth in this state as a result of the unfriendly atmosphere towards business and taxpayers in general..It can not continue when the house of cards comes tumbling down..
Bill Radel June 07, 2012 at 08:02 PM
Just drive by a gas station and look at the price sign..The tax alone on diesel fuel causes the truckers to exit Ct. before filling their tanks..Keep paying people to sit at home watching Jerry Springer and reproducing the next batch of leaches..You've got to love the entitlement society..Create some more taxes Hartford, and allow death row inmates to live forever..
dave July 07, 2012 at 04:39 PM
and malloy and obama will ask us to send more money to them to fix the problems all politicians have created by spending too much. and our state will support both of them.


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