Hedge Funds Failing to Deliver Taxes to Connecticut: Muni Credit
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Connecticut Governor Dannel Malloy is learning you can’t always count on the rich.
The Democrat last month deferred debt payments, trimmed programs and diverted funds as tax revenue came up short and opened a $200 million budget hole. The gap emerged about a year after Malloy, 56, who was elected in 2010, signed a $2.6 billion tax increase, the biggest in state history.