Budget
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 […]