On September 16th, WTNH reported that Standard & Poor's downgraded West Haven debt rating from A to Triple B in an article entitled West Haven debt rating downgraded ; Mayor Picard, however, says that was a mistake, and our rating only dropped one level. In either case, this means it will likely cost us more to borrow money. Great.
According to the article:
Picard says West Haven has until October to show Standard and Poor's its plan to address the deficit, which both parties agreed may include a supplemental assessment, deficit borrowing, additional state aid and a tax increase.I hope Mayor Picard is formulating a plan - and that we all get to hear about it soon. Shouldn't WE as taxpayers get to vote on it? It's our money, not Mayor Picard's!
(note added 9/26: more information can be also found in the New Haven Register article entitled "Fiscal woes deepen in West Haven".)
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1 comment:
No, the reason that I didn't talk about that is because we talked about that back in July, back when we discussed the Checker's audit.
You seem intent on making this about administrations - I'm not. I'm not a person who thinks that this can easily be solved - if you look throughout the ENTIRE blog, you'll see that I've explored other solutions (which may or may not work for us). This blog was created to help understand the crisis, and to try and figure out the solutions. That doesn't happen overnight, nor does it happen without research (which if you've read the FULL blog, you'll see I do).
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