Has Hartford bailout maxed out state credit card?

HAS THE STATE MAXED OUT ITS CREDIT CARD BECAUSE OF THE CITY OF HARTFORD BAILOUT DEAL ??? THE STATE TREASURER AND BOTH REPUBLICAN AND OTDEMOCRATIC LEADERS IN THE HOUSE SAY YES IT MEANS THE STATE CAN'T BORROW ANY MORE MONEY FOR SCHOOL SAFETY CONSTRUCTION PROJECTS IN CITIES AND TOWNS ACROSS THE STATE

CHIEF POLITICAL CORRESPONDENT MARK DAVIS JOINS US LIVE WITH MORE GOOD EVENING MARK 3 GOOD EVENING

THIS IS ANOTHER MAJOR PROBLEM THAT FURTHER COMPLICATES THE END OF THE GENERAL ASSEMBLY SESSION WITH JUST 12 DAYS TO GO S Y 3 [KLARIDES] "WE HAVE NO INTENTION OF PAYING THEIR DEBT AFTER THE FIRST TWO YEARS OF MONEY WE DECIDE TO GIVE THEM" REPUBLICANS SAY THERE'S ANOTHER REASON WHY THE STATE SHOULD START CUTTING OTHER AID TO THE CAPITOL CITY AND THAT'S BECAUSE THE HARTFORD BAILOUT DEAL HAS ACTUALLY MAXED OUT THE STATE CREDIT CARD THAT THE HALF BILLION DOLLARS IN DEBT PAYMENTS PROMISED TO THE CITY OVER THE NEXT DECADES MEANS THE STATE CAN'T BORROW ANY MORE FOR ITSELF OR OTHER CITIES AND TOWNS[KLARIDES] "WE JUST FOUND OUT THE OTHER DAY THAT THEY DO COUNT TOWARD THE 'BONDING CAP' AND NOW THE 'BONDING CAP' IS BROKEN

" WHEN THE HOUSE GAVE FINAL APPROVAL TO THE STATE BUDGET LAST OCTOBER, IT INCLUDED THE CAP ON BORROWING THAT REPUBLICANS HAD BEEN PROPOSING FOR YEARS IT'S ONE OF THE REASONS THEY VOTED FOR IT THE BORROWING FOR THE HARTFORD BAILOUT BLOWS THE STATE UP TO THE CAP IT MEANS THE STATE MIGHT NOT BE ABLE TO BORROW TO HELP YOUR TOWN REPAIR A SCHOOL OR A BRIDGE OR SOMETHING ELSETHE DEMOCRATIC MAJORITY LEADER IN THE HOUSE MATT RITTER, WHO ALSO REPRESENTS HARTFORD IN THE ASSEMBLY, ADMITS THEY DID NOT ANTICIPATE THIS PROBLEM WHEN HE HELPED NEGOTIATE THE BUDGET AND THE HARTFORD DEAL[RITTER] "IT IS TRUE THE STATE IDARLPTHD TREASURER HAS DECIDED THAT SHE FEELS THIS COUNTS AGAINST THE BONDING CAP IT'S NOT SOMETHING WE CONTEMPLATED LAST YEAR IN THE BUDGET

" THE ALTERNATIVES FOR THE LEGISLATURE ARE TO RAISE TAXES; WHICH NALA WON'T FLY DE-AUTHORIZE BONDING PROJECTS OR BREAK THE CAP; BOTH NO NO'S OR DO SOME CREATIVE BOOKKEEPING AND ATJUST COUNT THE BORROWING FOR HARTFORD IN SMALL CHUNKS EACH YEAR [RITTER] "OTHERWISE SHE IS RIGHT, THE MINORITY LEADER IS CORRECT; "T, YOU ARE CROWDING OUT OTHER BORROWING WHICH IST,NG MOSTLY SCHOOL CONSTRUCTION" 3 AND NO ONE WANTS TO DO THAT

LIVE,