As the city of Hartford struggles to balance a $32 million dollar budget gap that’s only expected to grow as the years go on, the city could consider filing for bankruptcy. Officials say that would be a last resort at this time.
“Our plan, and what we've been doing every day, is to get our house in order as best we can,” said Hartford Mayor Luke Bronin. “If we can't build a consensus with the region and the state for a new arrangement, the city of Hartford will at some point, be unable to solve this problem on our own,” Bronin said.
Bridgeport was the last Connecticut city to file for bankruptcy.
Since that happened, a law was passed where cities would essentially need the state’s permission to claim bankruptcy.
In years past, other cities, like Waterbury have opted to have an oversight board take control of city finances.
“I think it's a better course for the city if they can avoid bankruptcy because they're going to have more flexibility,” Myles Alderman, a bankruptcy lawyer, said.
While tough decisions still need to be made, in the meantime, Mayor Bronin continues to avoid taking the bankruptcy route.
Bronin has already made dramatic cuts across the board to city services, and the mayor says he is looking for concessions from union workers to help offset the budget gap.
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