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Norwalk CFO issues early debt and budget warning
Just a few days after the city received an AAA bond rating—the highest possible rating from the financial industry—Norwalk’s Chief Financial Officer Henry Dachowitz issued an early warning about the city’s debt for next year. “We’ll see what the [revaluation of properties] does and with the values of the grand list, but realistically, we are…
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Norwalk poised to restructure Oak Hills’ debt
Updated, Feb, 14: copy edit; 9:54 a.m.: Copy edits NORWALK, Conn. – The Oak Hills Park Authority has worked out a deal to restructure its loan agreement with the City. “We have crafted something that would allow Oak Hills to move forward and not have to come back to the City while recognizing the fact…
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Pew: Connecticut has one of highest public debt to personal income ratios
HARTFORD, Conn. – Connecticut has one of the highest ratios of debt to personal income and the fifth highest ratio of state retiree health care liabilities to income, according to a Pew Charitable Trusts report released Tuesday.
