City leaders spent much of the day on the phone with ratings experts from the three major bond rating firms today.
If it went half as well as the officials think, Bristol should be fine.
The reports ought be out by Friday or perhaps Monday. It is expected they'll leave the city's bond rating intact, which would be pretty good given the dire budget situation in Hartford.
Both Comptroller Glenn Klocko and Mayor Art Ward said the ratings experts were impressed with the consistent, solid finances of the city, particularly given its demographics, which fall short of most communities with its bond rating.
Helping Bristol along were a long track record of hefty reserves, a fully funded pension plan, experienced managers and more, according to Klocko and Ward.
We'll see what the ratings folks have to say in a few days. Klocko said the reports they issue should give the Board of Finance something to feel good about.
Copyright 2009. All rights reserved.
Contact Steve Collins at email@example.com