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Malloy to Wall Street: Expect state borrowing to jump 40 percent this year

Gov. Dannel P. Malloy

Gov. Dannel P. Malloy recently warned Wall Street the state plans to increase borrowing dramatically over the next year. But while Connecticut uses borrowing primarily to finance capital projects, Republican legislative leaders fear the planned spike also signifies that a disturbing trend of borrowing to cover day-to-day expenses will get worse. Continue Reading →

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