Talk of a possible sale of the New Britain's Biggest asset.

The Honorable Nancy Johnson has cautioned our Mayor to not sell our biggest asset the town has.    She was able to obtain Federal Funds totaling a sum of $15,000,000 which covered a portion of the cost in building our new plant and the sole purpose of this funding was to keep the customer's rate of cost down.

She noted that our city could suffer another downgrade subsequently to our receiving two recent downgrades by Moody's and Fitch.  Our Creditors would demand higher interest rates, for the existing bonds we now owe, because of our poor financial management style currently at city hall causing her predicted new downgrade.  

Frederick T. Stanley the city's first mayor had the foresight, when serving has chairman of the city's water commission, by establishing a self sustaining water fund.

Our City's future depends on not selling this enormous asset. 

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