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Entries Categorized as 'City Budget'

Malloy Vetoes “Gimmick” Republican Budget

September 28th, 2017 · 5 Comments · City Budget, News and Events, State Politics

Governor Dan Malloy on Thursday vetoed a state budget advanced by Republicans with some crossover support by a handful of Democrats that the governor declares “does not balance, risks potential litigation, and undermines our fiscal stability, educational system, and economic development efforts.” Read the governor’s full explanation in his veto message.

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City School Leaders Sweat Out State Budget Fiasco

September 27th, 2017 · 15 Comments · City Budget, Education, News and Events, State Politics

The state that funds most city school expenses has no budget. Meanwhile, school officials have operated on city-budgeted cash to stay afloat. But that dough runs out next week. What to do? Contact state budget chief Ben Barnes who had served as finance director of city schools before his appointment as director of the Office […]

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‘It’s Funded, Shovel-Ready,’ Pitching Bridgeport As An MGM Star, Waterfront Casino Proposed

September 19th, 2017 · 32 Comments · Analysis and Comment, City Budget, Development and Zoning, News and Events, State Politics

Declaring MGM Bridgeport can be “a major economic force, a top-tier entertainment resort, and an essential contributor to this community,” MGM Chairman and Chief Executive Officer Jim Murren, a Bridgeport native, on Monday shared details of a $675 million waterfront resort for the East End creating thousands of construction and permanent jobs, a guarantee $8 […]

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Going, But Not Gone Yet

September 19th, 2017 · 8 Comments · City Budget, City Council, City Politics, Development and Zoning, Education, Law Enforcement, News and Events

Only a few regular meetings remain for the current City Council that will be replaced by a new legislative body with some new faces in December. Citizen fiscal watchdog John Marshall Lee revisited some questions he has presented to the current configuration during an address to councilors Monday night.

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Bridgeport Officials: Don’t Screw State’s Largest City When Bailing Out Hartford

September 15th, 2017 · 20 Comments · Analysis and Comment, City Budget, News and Events, State Politics

In an excruciatingly tight–and tardy–state budget season with municipalities across the state facing major cuts, the financially hemorrhaging city of Hartford is poised for a major bailout with oversight strings attached to overt bankruptcy as well as $115 in capital funding over two years for the XL Center. Mayor Joe Ganim and the city’s legislative […]

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When A Plan Does Not Go According To Plan

September 6th, 2017 · 2 Comments · Analysis and Comment, City Budget, City Council, City Politics

Pensions, unfunded liability, bonding were some of the topics citizen fiscal investigator John Marshall Lee presented to the City Council Tuesday night. From Lee: Next Tuesday September 12, there are Democratic primaries in nine of the ten districts. Citizen candidates in nine districts decided to run, not because they were organized by the historically influential, […]

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Public Hearing Tuesday For Proposed Theater Development Agreement

September 2nd, 2017 · 8 Comments · City Budget, City Council, Development and Zoning, News and Events

A City Council public hearing regarding the city’s proposed agreement with Exact Capital Group to revitalize two shuttered Downtown theaters and build adjacent apartment units will take place Tuesday 7 p.m. in the auditorium of Geraldine Johnson School, 475 Lexington Avenue. See Land Development Agreement submitted to the council last month here. Full agenda here.

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Stafstrom: Sales Tax Increase Better Than Raising Property Taxes

August 26th, 2017 · 6 Comments · City Budget, News and Events, State Politics

In an email to constituents a few days ago, State Rep. Steve Stafstrom shares his take on a House Democrats proposed spending package … “a slight uptick in the sales tax is much more palatable than shortchanging our city and schools the funding they need to operate, or risk the city attempting to make up […]

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