Bond Deal & Information

Bond Issuance

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Bond Issuance

  • City Treasurer is, with Mayor, co-issuer of all City bonds
  • Worked to maintain excellent bond credit rating through strength of the pension fund and good fiscal management
  • Bond credit rating remains investment grade, means lower cost to taxpayers
  • Have acted as strong advocate within City Hall for adherence to City’s long-standing conservative debt policies, including keeping City borrowing below statutorily permitted aggregate indebtedness (no more than seven times annual receipts from taxation, by state law) and maintenance of ample fund balance
  • Managed major borrowings: regular general obligation bond issues for improvements to schools, roads, libraries, etc.
  • Worked to regularize methods by which City selects underwriters, financial advisors and underwriters’ counsel; issued Request for Proposals; hired female and minority underwriters and underwriters’ counsel.

 

HARTFORD CITY HALL ADDRESS: 550 Main Street, Hartford, CT 06103 PHONE: (860)757-9311 HOURS: 8AM - 5PM