Friday, October 26, 2012

New Britain's Bond Rating Gets a Downgrade!

Due to Mayor O'Brian's solution to tax the Landlords and Tenants even after the City ended with a 105K Budget surplus.

Yes, I am referring to the $150 fee the landlords must pay for each of their units each years unless the rate should be increased next year to balance the holes in the new annual proposed budget.

We all can remember that the Mayor promised to not raise taxes while he was running for mayor so now he has decided to punish those so called rich landlords with apartment fees. He also decide to introduce his HOTSPOT for calls that are made by tenants but the fines will be directed to the landlord. FARE???

Now the Landlords together with many associations of realtors have engaged Lawyers in order to proceed with law suit injunction against our city which will cost our taxpayers an enormous amount of money to defend.

Now, I read in a local newspaper, that the mayor promises that rents should not go up and advises tenants in the event their landlord should raise your rent to call the newly formed fair rent commission to complain. Information has it that the licensing fee agreement requires the landlord to agree to the edicts of the fair rent commission. Is this forceful approach be deemed Lawful by demanding a landlord to obtain such a license? Therefore, this fair rent commission will or maybe instructed to denied any rental increase "because everyone has to live someplace" as stated by Alderman Emanuel Sanchez when he was proposing his resolution which in essence forcing our city landlords to eat the higher cost to operate because the fair rent is instructed to deny any increases.

Needless to say mayor O'Brien, by his aforementioned actions, has declared himself a one term mayor.

fs

5 comments:

Anonymous said...

No, he has declared himself a communist dictator that would envy Chavez, Castro or even Ahmadinejad.

Anonymous said...

So if its an owner occupied property that doesnt need the pay the fee, thus having not Lic, or agree to be under the FRC, can they charge more just because, will the trnates that live there be able to complain to the FRC ? This is just poorly planed and written. Why did they not listen to the public and consult with experts in the field of real estate ?

Nicholas D. Mercier said...

Mayor O'Brien, or whoever purchased the advertisement on his behalf, should take some time to read the State Statutes on the powers of the Fair Rent Commission. They must, per CGS, take into consideration all taxes and overhead before determining that the rent being charged is "harsh and unconscionable". If they ignore the increases to overhead that have been proposed by the O'Brien administration then it is likely their biased decisions would be overturned when appealed in Court.

Anonymous said...

we are watching first hand the collapse of communism!

Anonymous said...

NO'Brien 2013

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