IPFS News Link • Government Debt & Financing
Hartford Solicits Bankruptcy Proposals from Law Firms
• mishtalk.com by MishIt has a budget hole of $14 million this year, and a projected $65 million hole next year.
The city wants $40 million from the state and concessions from unions. The state would be foolish to give Hartford a dime, and unions seldom if ever concede anything.
Hartford is toast.
The Hartford Courant Community reports Hartford Moves Closer to Bankruptcy, Soliciting Proposals From Law Firms.
City leaders have taken a step toward bankruptcy, soliciting proposals from law firms that specialize in Chapter 9, which protects financially strapped municipalities.