A friend recently cited expense as a reason to refrain from dating; there are many legitimate reasons for this choice — unwillingness to compromise, lack of interest in other people, enjoying one’s own company — but money is not one of them. Not when with some creativity, people can go out without having to empty their wallets.
This is a reader-submitted piece by Miguel Jose Matos, Hartford resident of twenty years. This fits in with our Suggestion Box series and addresses the recent pledge of $50 million over five years to the City of Hartford by Aetna, The Hartford, and Travelers.
by Miguel Jose Matos
Three of our local corporations have stepped up as committed partners to back Hartford to the tune of $50 million dollars over five years, if the City can get its financial house under control and come up with a workable plan for a viable future.
Funding the money hinges on the City putting forth a comprehensive and sustainable set of solutions for Hartford. The key piece of language in the corporate announcement was to be “part of” a plan, this was the clue. But based on media reports, the “when and how” have not been clearly spelled out, so it’s a great carrot but as yet no one is sure how long the stick is, and what will it take for our community to come together. A little over three million a year from each company is a great start.
“Push the corporate folk to drop their dime, while the City hammers out some fixes, use their dimes now to fund fixes; that without money remain unfixable”.
$10 million over 5 years is a good first step when having to climb out of a sinkhole fifty million dollars deep. But to get grounded we must back into the numbers, because the City is crippled with debt and limping with weak cash flow. It will be difficult to concoct a financial plan strong enough because of the City’s weak cash position, only making it harder to satisfy the conditional $50M Corporate Offer.
Corporate leaders are good community folks doing their part, protecting their investment and their workforce, but they understand risk and do not want to throw good money after bad. This narrative puts the City in a tricky position.
This point in time is a good opportunity to show the local corporations that the City has a plan that can be funded bit by bit with the corporate funds that are being offered. A project-by-project funding process based on a pay for performance system may mitigate some the upfront risk that has tied these moneys with a tough condition.
This tactic has relevance because it is not meant to only address the corporate funding offer, but to serve as the foundation for an annual Business Challenge Fund. Let’s get back to the corporations and be as corporate in approach as they are. Corner their attention by putting forth a recovery plan that is based on a return on their money and their participation. The approach is in many ways how corporations look at investing themselves. (more…)
The mayor’s 300+ page proposed budget can be reduced to one sentence: The party is over.
For years, certain parades and festivals had been held despite their organizers failing to pay for associated costs in full. This is one of Hartford’s open secrets. Even when the events may not have been well-executed or marketed, the City of Hartford continued to pick up the tab. Cultural events like festivals and parades could draw money into Hartford, but a single glance at the food trucks present for many of these events shows this not to be the case. How, then, can the strain on the HPD traffic division and on the DPW (for funsies, visit Bushnell Park at end of day following one of the major festivals before the crews come out in force to remove litter, empty the trash, and hose everything down) be justified if negligible revenue is created? Should Mayor Bronin’s proposed budget be adopted, we could still have parades for days, if we pay for them without help from the City. (more…)
“We will help build a city that fosters innovation, incubation and entrepreneurship, because that’s what drives real, long-term growth — not expensive buildings or baseball stadiums,” Mayor Luke Bronin said in his first State of the City address on Monday in City Hall.
BiCi Co. may not be the easiest concept to understand. but if you know what a maker space is, then it’s like that, but with bicycles and the ability to buy them.
Bike education classes were provided for youth there over this past summer, as a first step and as part of a summer youth employment service learning project. Thirty teens were paid for learning some safety and repair basics; they went on to fix up bikes for CRT’s Generations program. (more…)
It appears that Mayor Segarra may have something in common with the residents of 68 Scarborough.
Pedro Segarra and his spouse, Charlie Ortiz, live in a home on Prospect Avenue within the R-8 zone. This is the same zone where it is not permitted for more than two unrelated individuals to live together. In terms of regulations, this is the strictest zone in Hartford.
While the family at 68 Scarborough has been fighting its legal battle publicly, garnering international attention, Mayor Segarra has been quiet on the matter, saying little as the Scarborough Street family has been sued by the City of Hartford. (more…)
That was the first question asked by an audience member, before the official time for questions began — before anything really began — at the Business for Downtown Hartford’s “Candid Conversations” event. (more…)
Mayor Segarra has released his recommended budget, saying “this Budget is fiscally prudent and accountable to all municipal stakeholders,” but there have been some questions as to how accountability is being defined.
Richard Wareing, Hartford Board of Education Chair, let known his displeasure with what he says are now confirmed rumors about Segarra’s “intent to use over $12m of the Board’s money to balance the City’s budget for FY 2015-16” and an “approximately $3.5m in Board money to balance the FY 2014-15 budget.”
On this matter, Wareing says he was left in the dark, learning only through “informal sources within City Hall” that OPEB would be poached.
Wareing, in an email to Mayor Segarra, wrote: “I should have the courtesy of a call from you. If you have time for cocktails with Brad Davis and well-heeled contributors, you have time to call me to discuss matters which significantly impact the education of our children.” (more…)