Incredible.
It depends. This article is about as clear as mud. Hartford is indeed in debt up to its eyeballs, but last I knew it could still make its debt service payments. Now, for long term, bankruptcy is the only way to get a handle on their finances, but this article makes it sound as though the city’s hankering for a bailout instead.
Connecticut doesn’t really have much in the way of County Government, so a LOT of the school financing comes from state taxes. The governor plans to slash the school funding outside of the urban blight areas (Hartford/New Haven/Bridgeport/Waterbury, etc.) to ZERO, forcing a crisis on towns that have good management/governance and reasonable taxes (for CT).
I don’t know about this. They seem to have money for all sorts of stuff. What is the big deal??
bloated union pensions are the root cause