Hartford currently has approximately $604 million in general obligation and lease debt, Moody’s analyst Nicholas Lehman said. The city has requested an additional $40 million from the state of Connecticut to help balance its fiscal 2018 budget and maintain a positive cash flow, he said. In the state’s “tense” political climate, the availability of short- and long-term support is “highly unknown,” Lehman said. In addition, Hartford was included Wednesday in a top 10 list of most distressed small cities, according to an index put out by the Washington, D.C.-based Economic Innovation Group.
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By: Matt Pilon and Patricia Daddona, Hartfordbusiness.com
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