New Britain’s long-term general obligation bond rating has been upgraded from ‘A’ to ‘A+’ with a Stable Outlook by S&P Global Ratings. Mayor Bobby Sanchez stated that this upgrade reflects the city’s disciplined financial approach since his administration took office.
Wage Theft
Efforts to address wage theft in Connecticut have gained momentum, with the governor signing a bill that gives the comptroller the power to temporarily halt payments to contractors being investigated for wage theft violations.
Additionally, Governor Ned Lamont announced plans to direct $411.7 million into the Early Childhood Education Endowment, aiming to make preschool free for low-income families and affordable for all families.
Other News
UConn Health is set to acquire Bristol and Day Kimball Hospitals, and the Public Utilities Regulatory Authority has signaled its intention to allow Eversource to recover nearly $1 billion in accrued storm costs.
Original reporting: The Connecticut Mirror — read the source article.