Governor Ned Lamont today announced that he has received notification that the credit rating agency Standard & Poor’s (S&P) is raising Connecticut’s general obligation bond outlook from stable to positive. Governor Lamont said, “Building on last year’s credit rating increase, this improved outlook further demonstrates Connecticut is on solid financial footing. This progress is the direct result of historic payments to our unfunded liabilities, a record rainy day fund, and smart investments in the future of our state. Financial analysts continue to recognize that we have ended the proverbial practice of kicking the can down the road to future generations, and we have actively taken steps to put our fiscal house in order. Connecticut residents will benefit from this improved…
Read More