[bobtn]

"The fourth warning sign of fiscal collapse: inadequate cash flow. In December, despite the anticipation of new revenues coming in, the state ran out of cash and had to use bonded funds (borrowed money) to pay employee salaries and operating bills."

Read more: State Sen. Len Fasano: An administration in denial - Connecticut Post


If I recall correctly, that was a practice during prior admins Malloy defined as reckless.

[JayCT]

More political posturing. Jay

[bobtn]

Not sure Jay, but Malloy should either present facts if its incorrect, or own up to it. I did read in Courant state revenue projections were not met for several months into the deal.

Rell did this stuff, too, and its a thing that should call for a pols resignation.