Sunday, August 28, 2005

CT Gov Pinchy on Bonds

The state's debt increased by 13 percent in the last three years, to $12.7 billion. That averages to about $3,600 for each Connecticut resident, ranking the state No. 1 in average debt per person by Moody's Investor Service. Connecticut also outpaced other states in the rate of rising tax-supported debt, which increased nationwide by 111/2 percent, according to Moody's.

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