It turns out that Ansonia’s finances are strong enough to weather even the budget storm brewing in Hartford!
Earlier Moody’s bond credit rating agency initiated a review for downgrade of 29 Connecticut cities and towns, and assigned negative outlooks to an additional 29, due to the state budget crisis.
Ansonia is NOT on this rather large list, which comprises a third of CT municipalities.
Ansonia was also absent from the list of 9 communities placed on a negative watch list by rating agency Standard & Poor’s in late September.
I would like to thank Mayor Cassetti and my associates on the Board of Aldermen, for ensuring strong and sound finances.
Alderman Charlie Stowe did a fantastic job chairing the finance committee this year, and of course the final vote on the budget unanimous and across party lines.
And of course, I would like to thank our first-rate finance team, including Comptroller Rich Bshara, Auditor Bob Jasilka, and Budget Director Tommy Thompson for their guidance.
Budgeting is always a challenge, but it’s the most important function a municipality has. That’s why am also proud that many members of the Cassetti administration, including the Mayor himself, were proponents of the Charter Revision that places responsibility for setting the budget in the hands of our elected officials for the first time in the history of the city.
If re-elected this fall I will continue to support responsible finances in the city of Ansonia with my aldermanic colleagues, be they Republican or Democrat, in the budget seasons to come.
The author is seeking re-election representing the Second Ward on the Ansonia Board of Aldermen.
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