A piece in the Dec. 16 Wall St. Journal is critical of Hartford Mayor Luke Bronin’s plan to bailout his financially plagued city. As the state’s capital city faces massive financial strains, Bronin has been promoting a regional concept to help ease Hartford’s fiscal plight, but so far his concept has received a tepid reception on visits to West Hartford and Rocky Hill.
Bronin is pushing for a regional approach rather than have Hartford file for bankruptcy, but Stephen Eide, who wrote the piece, is claiming bankruptcy may be the only route, particularly since the state of Connecticut has final problems of its own:
“…the city is on the verge of insolvency, the state is tapped out, and there isn’t a persuasive case for a suburban bailout. Is there any alternative, in the end, to bankruptcy.”
Eide is a senior fellow at the Manhattan Institute and the author of a report on Connecticut’s urban woes, which will be published by the Yankee Institute for Public Policy.