15 November, 2024
2 mins read

Numbers Don’t Back Mayor Stewart’s Claim That State Budget Caused City’s Negative Credit Rating

By John McNamara Contributing Columnist 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 […]

3 mins read

New Britain’s Bond Rating Drops From Stable To Negative: Huge Spike In Debt Through 2021 Cited By Moody’s

By John McNamara Contributing Columnist 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 […]

4 mins read

Will Erin Stewart Get Another Off The Books Push From An Absentee Landlord in 2017?

By John McNamara Contributing Columnist On the eve of  the 2015 municipal election scores of  tenants in New Britain got a notice about a possible rent increase from their landlord. It wasn’t an official increase but a not so subtle endorsement of Mayor Erin Stewart who at the time was cruising to re-election for a […]

2 mins read

Berriault Calls for Change in Leadership Because of Taxes and Spending

By Bobby Berriault After two terms of Mayor Erin Stewart, I say it’s time for a change in leadership. In her two terms of office, Republican Mayor Stewart raised our property taxes by 19% or $19,231,280! Our mill rate is currently at 50.5 mills, making it the fourth most expensive of any town in the State […]

3 mins read

Did Stewart Get A Prohibited Campaign Freebie In Mailing Of Car Tax Bills?

By John McNamara Contributing Columnist New Britain motor vehicle owners finally got their bills on September 1 along with a glowing missive from Mayor Erin Stewart that makes the case for her re-election. The city held up auto tax notices this year, blaming the state budget impasse for the two month delay. Uncertain was whether […]

3 mins read

GOP Alderman Hits School Board On Salaries But Rubber Stamps Pay Hikes, More Spending At City Hall

By John McNamara The sometimes fragile relations between City Hall and the Board of Education took a backward step this week over complaints from Ward 2 Republican Alderman Kristian Rosado appearing in the New Britain City Journal. Rosado, in a front-page story in the City Journal, derided a unanimous BOE move on salary increases for […]

3 mins read

Support for Malloy Budget Increasing State Aid to New Britain

By Bobby Berriault I write in strong support of Governor Malloy’s proposed state budget for FY 18 and FY 19. His budget calls for increasing state aid to New Britain by $24.2 million over the course of the next two years over what we currently receive. His proposal allows municipalities like New Britain to add […]

6 mins read

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 […]

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