Budget
$15.5 Million Deficit Appears Hidden in Stewart’s Budget
The city budget proposed by Republican Mayor Erin Stewart has what appears to have a hidden $15,541,294 deficit built into it, a deficit that could continue to re-appear into future budget years. Stewart’s budget contains two substantial budget lines that are based on short-term assumptions. The first, as the New Britain Progressive reported in April, […]
Stewart Proposes Freeze on City Education Support, Increase in City Hall Spending
Republican Mayor Erin Stewart’s proposed budget for the fiscal year beginning July 1st would freeze city support for New Britain’s schools while increasing overall city spending and pushing taxpayer debt into the future. Stewart’s General Fund budget proposal would increase city General Fund spending by $2,167,486 to a total of $241,537,535. Funding for the New Britain school […]
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 […]
City Purchasing Nearly $500,000 of New Vehicles
Press Pool Story The Republican-dominated City Council is considering a proposal from the administration of Mayor Erin Stewart to purchase $495,078.84 for various motor vehicles. Under proposal, the city would purchase $461,578.84 of vehicles from Crowley Ford, LLC of Plainville: Also, the proposal calls for the purchase of $33,500.00 for one vehicle from Crowley Chrysler, Jeep, Dodge of […]
Mayor Stewart Fears Cuts to Town Aid.
By: Edward M. Corey Staff Writer Legislators in Hartford reached a deal on Tuesday to eliminate the state budget deficit for the current fiscal year. Mayor Erin Stewart (R-New Britain) has expressed concerned about potential future cuts to municipal aid from the state. “While we have made immense progress over the last three years to […]