My NH
X

News Details

March 23, 2018 - MAYORS HARP, GANIM SCRUTINIZE STATE’S HALF-BILLION DOLLAR HARTFORD BAILOUT

For IMMEDIATE RELEASE                                                                                      Contact: Laurence Grotheer

March 23, 2018                                                                                    203-946-7660 (o); 203-676-6103 (c)

 

MAYORS HARP, GANIM SCRUTINIZE STATE’S HALF-BILLION DOLLAR HARTFORD BAILOUT

 

New Haven – Mayor Toni N. Harp and Bridgeport Mayor Joe Ganim today released the following joint statement in response to the state’s agreement to pay off some $550 million of Hartford’s accumulated debt:

 

“While we evaluate the state’s new, half-billion-dollar bailout of Hartford, and recognize it as an acknowledgement of the responsibility the state has to assist its structurally, and perpetually distressed cities, we question whether it represents an equitable practice.

 

Connecticut absolutely must have a consistent, comprehensive urban policy to lift all cities constrained by current tax laws, now compounded by tens of millions of dollars in state budget cuts.

 

It seems the state continues to shortchange New Haven and Bridgeport – its two largest cities, with comparatively stable finances, while rewarding the past practices of other cities that put them on the edge of financial collapse.

 

Connecticut requires comparable support for its two most populous urban centers and an economic development strategy for the Bridgeport/New Haven region. We’ll meet next week and present a consistent municipal aid program for all cities in the state.”

 

###

 

Top