debt
Council to Consider $7 Million Apparent Debt Refinancing
A City Council committee is to consider a proposal, apparently to borrow $7 million to refinance existing city bonding.
Stewart Proposes Debt Plan
Republican mayor Erin Stewart is proposing a new borrowing plan and has called the City Council into a special meeting to consider her proposal.
Council Approves Hiring Freeze, With Republicans Opposing
The City Council has approved a hiring freeze on all city positions except for public safety and temporary seasonal parks and recreation positions. All five Council Republicans in attendance voted against the hiring freeze. The resolution was approved, with nine votes in favor and five in opposition. With the exception of police, fire, emergency dispatch […]
Council Approves Scaled-Down Version of Stewart Borrowing Plan
The City Council has approved a $99 million, scaled down version of Republican Mayor Erin Stewart’s original plan to borrow $115 million to push city debt into the future. While tension had risen last week, after reports, called, “misleading,” and, “inaccurate,” that a debt deal had already been concluded, discussions reportedly continued right up to […]
City Journal Story on Debt Deal Called Misleading and Inaccurate
The article in the Republican-allied New Britain City Journal on a deal related to Republican Mayor Erin Stewart’s controversial proposal to borrow $115 million to push city debt into the future is misleading and inaccurate, according to the Majority Leader of the City Council, Ald. Carlo Carlozzi, Jr. (D-5). On March 22, 2018 the City Journal published an article, […]
Council Adjourns Meeting Without Approving Stewart $115 Million Borrowing Plan
Without approving Republican Mayor Erin Stewart’s controversial proposal to borrow $115 million to push city debt into the future, the City Council adjourned the third special meeting that Stewart had called for the Council to approve her plan. The motion to adjourn the January 25, 2018 special meeting was made as the Council began consideration […]
Stewart Calls Third Meeting on Approving $115 Million Borrowing-Refinance Plan
Republican Mayor Erin Stewart has called a third Council meeting in three weeks to consider her proposal to borrow $115 million to push city debt into the future. Stewart called the meeting for Thursday, January 25, 2017, one day after the regular Council meeting on January 24th. Many are calling Stewart’s tactics to pressure City […]
Proposal Made to Slow Down and Decentralize Decisions on City Borrowing
After what many are calling Republican Mayor Erin Stewart’s heavy-handed attempts to pressure City Council Democrats into a quick approval of her plan to borrow $115 million to push city debt into the future, a proposal has been introduced to slow down and decentralize decisions on city borrowing. Democratic Ald. Aram Ayalon (D-3) has introduced a […]
Stewart Rebuffs Democrats’ Call for Further Consideration of $115 Million Debt Plan
City Council Democrats called on Republican Mayor Erin Stewart to delay action on her proposal to borrow $115 million to push city debt into the future. The Council majority is seeking more public input and consideration of other options before re-structuring of finances and committing the city to long-term borrowing. While Democrats asked that the […]
Republican Ridicule Breaks Short-Lived Bipartisanship on Consideration of Stewart Debt Plan
Only hours after Republican Mayor Erin Stewart and Council Democrats had spoken in collaborative terms about the process of considering her proposal to borrow $115 million to push city debt into the future, the bipartisan spirit was broken when Stewart and other prominent Republicans openly ridiculed a Democratic Council member for a question he had […]