Tuesday, March 13, 2012
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3 comments:
If you buy a $100k house in city of Hartford, CT you pay roughly $7,000 a year in property taxes. That money pays for the exceptional schools, low crime, and high class citizens the Trinity college students come to know and love.
And people wonder why everyone is fleeing…
Frank:
It was predicted on your blog many days ago that emptying the Water Dept Reserves would have a negative effect on NB's bond rating. Well it's happened.
Oddly enough, rating agencies would have a city raise taxes rather than deplete reserves. Before O'Brien took office, NB's bond rating was raised to its highest rating in years. That was the good news from S&P's and Fitch. Moody's is a little easier to satisfy.
It was also predicted on your blog that O'Brien would take more out of the Water Dept. reserves before his State of The City Message in April. If that happens, disaster!!
And, our questionably competent Finance Director and the hapless new Finance Board seem to be complicit in the scheme. Which brainchild on the Council will notice? You predict. Maybe the city could get a better and more truthful picture from the Police Station Building auditors.
Who will Sherwood blame? How about Dave DeFronzo or, O'Brien's Chief of Staff (Klotz)? Talk about hapless, Storace is just happy enough to be able to write a puff piece for O'Brien.
Of course the forecast darkens. Look at the clueless, brainless twit that is at the helm.
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