HARTFORD, Conn. (WTNH) — Tuesday was state budget watch day 109, and Wall Street’s major bonding agency is now threatening the bond ratings for dozens of Connecticut cities and towns. Moody’s Investment Service is citing the ongoing budget stalemate at the State Capitol for their action.

It’s been a long day of negotiating for the top leaders of the assembly, and and another long day is expected on Wednesday. Legislative leaders have spent several days on a new education cost-sharing formula, and on Tuesday started going through the entire state budget line by line.Related Content: Jobs at stake with potential budget cuts in the classroom

They were making so much progress that House Speaker Joe Aresimowicz skipped his high school football practice at Berlin High School to keep things going. But the leaders were under even more pressure Tuesday as one of the nation’s top bonding agencies, Moody’s is placing dozens of Connecticut cities and towns “under review” or on “negative outlook.”

Moody’s says, “The current budget impasse highlights the ongoing vulnerability of funding that the State of Connecticut provides its local governments.” Among the 29 communities given a negative outlook by Moody’s were Wallingford, North Branford, Clinton, Cheshire and Montville. Among the 29 communities under review are New Haven, West Haven, Hamden, East Lyme, and Bridgeport.Related Content: Malloy proposes “bare bones” budget plan, leaders give it the cold shoulder

The leaders are facing another deadline on Tuesday. They hope to get through the entire state budget line by line by Wednesday night as two key members, Senator Fasano, the Senate Republican Leader and Senator Duff, the Democratic Majority Leader, are both unavailable Thursday and Friday. And if there’s to be a vote in the House or Senate next Wednesday, it would take that long to present a plan to the caucuses and get the bill ready.Click here for Research: Rating Action: Moody’s initiates reviews for downgrade of ratings of 29 Connecticut local governments; Assigns/maintains negative outlooks to additional 29 CT LG ratings

The Republicans say their plan will save over $300 million if vested state employees are included.