Mayor: New Britain's Financial Stability Is Fragile

Bill Sencio
March 14, 2019 - 10:12 am

Photo courtesy of Erin for Connecticut

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NEW BRITAIN, Conn. (WTIC) - The state of New Britain's financial stability is fragile, according to Mayor Erin Stewart in her state of the City address last night. 

The Mayor said some of the major reasons for the city's financial problems are reductions in state funding,  increases in labor and service contracts, and proposals for increasing the city's contributions to teacher pensions.

Stewart also said the biggest threat to the city's financial stability is the lack of compromise on the Common Council.

"There remain some who simply can't let go of politics, and seek to obstruct at every possible juncture," she stated. "And after all the skirmishes that have been had in this chamber in the past year, there has been absolutely no appetite for compromise. It's like the word 'negotiate' doesn't exist. That's not what government is supposed to be. It impedes progress." 

Stewart said she expects tax revenue to come in at $800,000 after adjustments and appeals this year.