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    Wednesday, May 01, 2024

    Malloy says Hartford bankruptcy should be 'last resort'

    HARTFORD (AP) — Gov. Dannel P. Malloy says he still believes filing for bankruptcy protection should be a "last resort" for Connecticut's capital city.

    The Democrat told reporters Friday he has not received a request from Hartford officials to sign off on a bankruptcy filing, as required by law.

    City officials announced Thursday they've retained Greenberg Traurig LLP, a law firm founded in Miami, to provide legal services as Hartford evaluates its restructuring options.

    Hartford leaders are hoping to persuade state lawmakers to provide them with $40 million in additional state aid. The General Assembly, however, has not yet passed a new budget for the fiscal year that began July 1.

    State lawmakers are still grappling with how to cover a projected two-year, $5 billion deficit.

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