October 28, 2009
Common Council MTG 10/27/09
Attending: Potts, Serasis, Brown, Lindstrom, Moccia, Maslan, Bolden,Bondi, Straniti, Conroy, Bonenfant, Kydes, Hempstead, McQuaid
A moment of silence for three of people, the Mayor said nice words about Ken Slapin and his legacy of creating the Norwalk Tranisit District and a few words on the UCONN student who was killed, and Phyllis Bolden said a few words about Dorrie Bowden who was a community activist on Lexington Ave.
Approval of the minutes with various changes made by, Brown, and Potts. Tabled till next meeting Unanimously.
Public Participation:
none
Resignations & Appointments:
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October 27, 2009
[This story has been updated from its original posting to add remarks from state Sen. Bob Duff.]
The bond rating agency Moody’s Investors Service announced on Monday it has lowered its outlook for Connecticut’s general obligation bonds from stable to negative. At the same time, the agency said it held its rating for the state’s outstanding GO bonds — amounting to approximately $12 billion — at Aa3.
The agency released a report describing the factors it used to come up with its negative rating, which included the state’s need to issue deficit bonds to resolve this year’s budget shortfall, and the non-recurring solutions and deficit financing used to close revenue gaps in the state’s 2010 – 2011 biennial budget.
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