Connecticut Finances Stable But Moody's Warns Of Long-Term Fiscal Challenges - Daniela Altimari, Hartford Courant

A bipartisan state budget adopted last month has helped Connecticut avoid a fiscal cliff, but a new report from Moody’s Investors Service suggests trouble ahead. “Long term, Connecticut will continue to face significant fiscal challenges, including looming budget gaps starting in fiscal 2020 and high fixed costs,’’ Moody’s stated in its weekly credit outlook, published Thursday. “These pressures, in turn, raise the prospect of potential future cuts to local government and higher education funding, as the state seeks to achieve structurally balanced operations. This could create significant credit challenges for local governments and higher education institutions.’’ http://www.courant.com/politics/hc-pol-moodys-connecticut-concerns-20171110-story.html