Hartford Might Ask State for Financial Help: Sources - NBC Connecticut

Hartford Might Ask State for Financial Help: Sources

(Published Tuesday, March 8, 2016)

The NBC Connecticut Troubleshooters have learned Hartford city leaders are looking into the possibility of asking the state for help dealing with their troubled finances.

Multiple sources familiar with the Hartford's financial situation tell the Troubleshooters that legislation could be finalized as soon as today that would open the door for state oversight.

Those sources told the Troubleshooters, a meeting is set for tonight in the mayor's office to review a draft oversight board statute that would then be submitted to the Connecticut General Assembly.

Over the past couple of weeks, Mayor Luke Bronin has said that every option is on the table when it comes to getting Hartford's finances in line and balancing the budget.

Waterbury was the last Connecticut municipality to seek state oversight when the legislature established a financial review board in March of 2001.

The specific goal in that case was balancing the city's budget for five straight years, And that review board maintained control of Waterbury's finances until 2007.

    processing...

    NEWSLETTERS