Official: Malloy’s oversight board still doesn’t avoid train wreck

A proposed municipal oversight board by Gov. Dannel P. Malloy is playing to mixed reviews.  The plan, revealed on Thursday by the governor, would create more state oversight on municipal finances, to try to prevent a city or town from sliding into financial difficulty.

Waterbury Mayor Neil O’Leary welcomes the legislation, to be outlined by the governor, when he gives his budget address on Feb. 8, but some skeptical.  Joe DeLong, Executive Director of the Connecticut Conference of Municipalities told CT MIRROR:

“The overreliance on property taxes, especially in urban areas where most of the property is tax exempt continues to be a recipe for disaster,” DeLong said. “Oversight without the necessary structural changes, only insures that we will recognize an impending train wreck more quickly. It does not prevent the wreck.”