file photo by Boyd Loving
the staff of the Ridgewood blog
Connecticut has the third-worst credit rating in the country, and its deficit has reached nearly $5 billion. According to a 2017 estimate by the Pew Charitable Trusts, the Nutmeg State only has $240 million in its ‘rainy day fund’—only five states have a smaller cushion.
Connecticut like New Jersey has hemorrhaged corporations under two-term Democratic Gov. Dannel Malloy, who announced he would not seek re-election this November. Insurance giant Aetna, which was based in the state’s capital since 1853, moved in January to New York City. And General Electric left its headquarters in Fairfield in 2016 after more than 40 years.