Fasano Statement in Response to Moody’s Report on Connecticut Towns and Cities

October 16, 2017

HartfordSenate Republican President Pro Tempore Len Fasano (R-North Haven) released the following statement in response to Moody’s Investors Service reviewing potential downgrades for 26 cities and towns and three regional school districts and announcing negative outlooks for 25 municipalities and three regional districts in Connecticut.

“This is devastating news for our state. The governor’s decision to reject the only budget that passed the legislature, along with years of failed policies, created the instability our towns and cities face today. It created chaos on top of an already damaging fiscal crisis. Those who refused to override the governor’s veto are complicit in this failure to fund towns, cities and social services. Today’s news makes it clear that shifting more burdens onto our towns and cities is no way to balance the state budget and why I will continue to advocate for a budget that creates stability and protects our municipalities, our schools and our property taxpayers from more burdens, just as they were protected in the budget the legislature already passed.”