{"id":274,"date":"2019-06-15T10:00:36","date_gmt":"2019-06-15T14:00:36","guid":{"rendered":"https:\/\/buymuni.com\/?p=274"},"modified":"2019-06-15T14:15:17","modified_gmt":"2019-06-15T18:15:17","slug":"wsj-connecticuts-blue-politicians-spill-an-ocean-of-red-ink","status":"publish","type":"post","link":"https:\/\/buymuni.com\/?p=274","title":{"rendered":"[WSJ] Connecticut’s Blue Politicians Spill an Ocean of Red Ink"},"content":{"rendered":"\n

The Wall Street Journal reported on June 14, 2019 that Connecticut’s biennial budget soon to be signed by new Democratic Governor, Ned Lamont, will increase spending by $2 billion, funded in part by extending the state’s 6.35% sales tax to previously un-taxed purchases like digital movies and laundry drop-off services. <\/p>\n\n\n\n

A key concern of Connecticut bond investors has been the State’s unfunded pension plan. The Journal reported that the Governor’s budget will skip actuarial-determined payments of $9 billion in the biennial budget. The state employee pension plan, currently under-funded by $100 billion, translates to a whopping $75,000 of contingent liability for each Connecticut household.<\/p>\n\n\n\n

General Electric\u00a0moved its Fairfield headquarters for Boston in 2016. This week, Farmington-based United Technologies Corp. announced it too will move its headquarters to Massachusetts when its merger with\u00a0Raytheon\u00a0is completed. The Journal reported that UTC is currently Connecticut\u2019s largest employer. <\/p>\n\n\n\n

Read<\/a> the Journal article (subscription may be required).<\/p>\n\n\n\n

Contact Jumanne Johnson at JJ@BuyMuni.com.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Wall Street Journal reported on June 14, 2019 that Connecticut’s biennial budget soon to be signed by new Democratic…<\/p>\n","protected":false},"author":4,"featured_media":275,"comment_status":"open","ping_status":"open","sticky":false,"template":"template-full-width-post.php","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[68,20,16],"tags":[62,69,70],"class_list":["post-274","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-budgets","category-credit-ratings","category-states","tag-connecticut","tag-ned-lamont","tag-wsj","wpcat-68-id","wpcat-20-id","wpcat-16-id"],"jetpack_featured_media_url":"https:\/\/buymuni.com\/wp-content\/uploads\/2019\/06\/20190615-bm-hartford-.jpg","jetpack_sharing_enabled":true,"jetpack_likes_enabled":false,"_links":{"self":[{"href":"https:\/\/buymuni.com\/index.php?rest_route=\/wp\/v2\/posts\/274","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buymuni.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buymuni.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buymuni.com\/index.php?rest_route=\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/buymuni.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=274"}],"version-history":[{"count":1,"href":"https:\/\/buymuni.com\/index.php?rest_route=\/wp\/v2\/posts\/274\/revisions"}],"predecessor-version":[{"id":276,"href":"https:\/\/buymuni.com\/index.php?rest_route=\/wp\/v2\/posts\/274\/revisions\/276"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buymuni.com\/index.php?rest_route=\/wp\/v2\/media\/275"}],"wp:attachment":[{"href":"https:\/\/buymuni.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=274"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buymuni.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=274"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buymuni.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=274"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}