hartford connecticut one wealthy state nation also high debt level capital city hartford face potential bankruptcy state face fiscal crisis budget nearly two months late debt big pension liabilities fix cost constrain spend hamper lawmakers attempt reach agreement governor dannel malloy second-term democrat seek reelection discuss reuters tough decisions wrestle address fiscal calamity decades make malloy ben barnes secretary state office policy management talk state debt burden whether connecticut would approve possible bankruptcy file hartford excerpt interview describe fiscal health state whether budget would pass soon malloy ongoing process make hard decisions think legislative fatigue get budget pretty proud connecticut government 12 percent small today take office proud first administration truly actuarially fund pension proud administration restructure arrangement labor restructure fund formula long-term obligations could characterize state relationship debt barnes lot school construction approve period run 2008 financial meltdown bond large project approve bottom fell add mix significant expansion provide high education also put money economic development initiatives think extremely important revenues come expect tough decisions need regard state borrow malloy make investments grow economy like university connecticut campus barnes fiscal problems today entirely drive overhang unfunded pension liability increase make payments retiree health unfunded pension liability since 2010 equivalent tax raise some school construction program reevaluate barnes make significant change ... number school construction project go forward definitely tighten screw state connecticut build lot school last 20 years would approve bankruptcy file hartford malloy would approve best way handle difficulties connecticut treat cities well something try change connecticut governor eye economic investments amid fiscal crisis