Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

TexasTowelie

(116,744 posts)
Fri Mar 23, 2018, 09:53 PM Mar 2018

Lawmakers Defend Hartford Debt Service Payments

HARTFORD, CT — Following criticism from local elected officials, legislative leaders tried to explain the state’s financial commitment to Hartford to help the city avoid bankruptcy.

House Majority Leader Matt Ritter, D-Hartford, said he wanted to clarify the help that Hartford is receiving because some lawmakers have gotten the impression that it’s a 20-year guarantee of basically the same amount of state aid they receive now.

He said that’s not what lawmakers approved when they passed a budget in October that gave tens of millions of dollars in additional aid to the city to help it avoid filing for bankruptcy.

Hartford was placed under state oversight in January. That oversight entity — the Municipal Accountability Review Board — controls $48 million a year to assist financially distressed municipalities with their existing debt service. The city of West Haven is currently under the board’s oversight as well.

Read more: http://www.ctnewsjunkie.com/archives/entry/20180323_awmakers_defend_hartford_debt_service_payments/

Latest Discussions»Region Forums»Connecticut»Lawmakers Defend Hartford...