CURRENT NEWS

Stafstrom encourages Bridgeport to discuss benefits of MARB

March 23, 2018

After the city of Hartford entered into an agreement with the Municipality Accountability Review Board, state Rep. Steve Stafstrom encouraged the city of Bridgeport to enter into a similar contract to help stabilize the city's tax rate and address its unfunded liabilities.

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Saving Bridgeport taxpayers tens of millions of dollars over the next several years

December 28, 2017

Bridgeport is expected to save tens of millions of dollars over the next several years after it was recently able to restructure a portion of its unfunded pension liabilities. Through House Bill 7296, Bridgeport was given the statutory authority to issue bonds to pay off more than $83 million in unfunded pension liabilities into the Connecticut Municipal Employee Retirement System.

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