Hartford officials said yesterday that it would likely file for bankruptcy in 60 days unless Connecticut provides help for the capital city in the midst of a fiscal emergency, the Wall Street Journal reported. City officials warned Gov. Dannel Malloy (D) and state lawmakers that Hartford, which has a deficit approaching $50 million, wouldn’t be able to pay all of its bills within 60 days. Hartford officials said it would file for chapter 9 bankruptcy at that point unless the state legislature passes a budget that gives the city more funding or otherwise provides it with more cash. The state of Connecticut is facing its own fiscal challenges and has yet to pass a budget for the current fiscal year that would close a two-year $3.5 billion spending gap. Since July 1, state operations have been funded by an executive order signed by Malloy that has slashed funding for cities and towns across Connecticut.
