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

City Hall Watch: Deferring Municipal Debt Payment Means Cash Now, Higher Interest Next Year

By John McNamara The Stewart administration is shifting $6 million from a scheduled payment on the city's rising municipal debt--- creating an election year windfall to avert yet another tax increase. The Common Council approved what representatives of William Blair & Company, the city's bond counsel, called a "re-structuring" of a $28 million bond at a special meeting … Continue reading City Hall Watch: Deferring Municipal Debt Payment Means Cash Now, Higher Interest Next Year

City Hall Watch: Stewart Wants More Money For Tilcon Watershed Study; Costs To Exceed $350K

By John McNamara The Stewart administration is seeking an additional $17,500 for an environmental study of Tilcon Inc.'s long-term plan to lease city watershed for trap rock mining. The extra cost is up for consideration at the December 14th Common Council meeting and follows the June 2016 Common Council approval of a $337,000 no-bid contract to … Continue reading City Hall Watch: Stewart Wants More Money For Tilcon Watershed Study; Costs To Exceed $350K

New Britain Election Postscript: “If Trump wins will I have to leave the country?”

"If Trump wins will I have to leave the country?" The question was asked of me by a Holmes School student when I was leaving the Masjid Al Taqwa mosque on Arch Street on a Sunday evening in August. It didn't matter that the 5th grader has probably lived in New Britain all his life … Continue reading New Britain Election Postscript: “If Trump wins will I have to leave the country?”