By John McNamara More than a year after the Stewart administration and Common Council sought to sell off the Patton Brook Well at an undervalued price of $1 million the unused well is replenishing the Shuttle Meadow reservoir. Mayor Stewart and her Council majority authorized the sale in August 2016, seeking to give up the … Continue reading City Taps Patton Brook Well For Water After Calling Off Bargain Basement Sale, Hiking Rates To Pay For MDC Water
Month: November 2017
Numbers Don’t Back Mayor Stewart’s Claim That State Budget Caused City’s Negative Credit Rating
By John McNamara Mayor Erin Stewart has blamed this year's state budget crisis for the city's negative credit rating in response to a November 2nd report of an "escalating" debt and her administration's own budget that shows interest payments will cost taxpayers tens of millions of dollars over the next four years. "We were downgraded … Continue reading Numbers Don’t Back Mayor Stewart’s Claim That State Budget Caused City’s Negative Credit Rating
New Britain’s Bond Rating Drops From Stable To Negative: Huge Spike In Debt Through 2021 Cited By Moody’s
By John McNamara Republican incumbent Mayor Erin Stewart, in her re-election campaign this year and throughout her second term, has touted improving municipal bond ratings for New Britain's fiscal solvency, claiming credit for budget surpluses of $15 million and pushing spending up at City Hall with no need for an election year tax increase. Fiscal … Continue reading New Britain’s Bond Rating Drops From Stable To Negative: Huge Spike In Debt Through 2021 Cited By Moody’s
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