One of the nation’s most indebted states could see what it owes get even larger under a plan to rescue its beleaguered capital from bankruptcy, Bloomberg News reported. Connecticut is planning to cover the payments on $540 million of Hartford’s general-obligation debt as part of an agreement it reached with the city. Hartford, a 123,000-resident city whose government has struggled to close budget shortfalls and revive its economy, owes almost $755 million in principal and interest through 2036. That step adds to the financial burdens on Connecticut, which has been contending with its chronic deficits. At $6,505, Connecticut’s net tax-supported debt per capita was the highest of any state, according to a Moody’s Investors Service report last year. The figure has grown from $5,185 in Moody’s 2013 report.
