The Latest: Rating agency: Budget impasse impacting towns
HARTFORD, Conn. (AP) — The Latest on Gov. Dannel P. Malloy's latest revised budget proposal and legislative budget talks. (all times local):
5 p.m.
A national bond rating agency is flagging 26 Connecticut cities and towns, as well as three regional school districts, to be reviewed for possible downgrades.
Moody's Investors Services on Monday also assigned "negative outlooks" to ratings for 25 additional communities and three regional school districts, blaming the continuing state budget impasse.
Moody's notes how the state has historically provided cities and towns with significant amounts of funding, largely education grants. But without a new two-year budget in place, Democratic Gov. Dannel P.