Tuesday, March 31, 2015
SEGARRA BUDGET HOLE JUST GOT BIGGER
According to sources at Hartford City Hall, a scheduled closing on the sale of the Church Street Parking Garage, between the City and the State apparently fell through last week The end result is the apparent loss of 13.4 million dollars in revenue that Segarra was counting on to balance his budget . One source speaking on the condition of anonymity, was doubtful that the closing would be rescheduled anytime soon, if at all.
Several discrepancies apparently came up prior to the closing that caused the State of Connecticut to back out of the deal .
It is unknown how the City will balance the budget without the input of the funds from the sale .
Late this afternoon Segarra was seen putting a "For Sale " sign up in front of Hartford City Hall. His scheduler and communications staff were all assisting him