The CPOA's quarterly meeting held on October 28th. with its guest speaker, Mr. Robert Curry New Britain's Finance Director, who was very pleased to announce the new Fitch bond rating of AA- for the City of New Britain. He explained step by step the procedures that our Mayor's office, and the city's Common Council must go through before the council passes the proposed budget in the month of June each year.
He updated the membership of the ongoing capital projects such as the Diloretto school addition, the proposed new Police station, and of the possible Capitol Equipment bond Authorization.
Economic development projects that include the Broad Street, Walnut Hill, Shuttle Meadow. ADA compliance for the city's schools and parks.
He also described the Downtown Redevelopment plan including the Bussway, Streetscape Renovations, Garage Renovations and the FHA project adjacent to the police station retail components, Pinnacle heights commercial development, Corbin Heights, Fafnir Smart Park, DOT Commuter Property Swap, and the Marion Heights Senior Housing.
The 2009-2010 general fund surplus analysis with a surplus of $441,209. With current collection from the city's taxpayers is at 95.94%.
Mr. Curry was also pleased to mention the cooperation that has developed between the new board of education finance director with his department in merging the city's information together with the Board's line by line format.
Thanks to Mr. Curry for an informative session. His efforts along with the Mayor have put NB in a great money market position.
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