The Conservative Cave
Current Events => General Discussion => Topic started by: Ptarmigan on June 28, 2017, 09:47:29 PM
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High-tax Connecticut facing new budget mess
http://www.foxnews.com/politics/2017/06/28/high-tax-connecticut-facing-new-budget-mess.html
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.
Everyone knows about Illinois's problems. Connecticut is pretty bad as well along with New Jersey. I would not be surprised if California is next.
Common denominators, they are leftist states.