That title might be misleading , I don't think anything the Segarra Administration does can be called management.
I would ask if any of my readers know of a bank or lending institution would allow anyone to sell their home and not pay off the mortgage but instead pocket the money. That is essentially what the City of Hartford did today. The State Bond Commission today approved the ill conceived sale of the Church Street garage by the City of Hartford to the State of Connecticut.
The sale apparently is for $14 million dollars, but no mention of the $7 million dollars in remaining debt still outstanding on the bonds originally sold for the garage. Will the debt be paid off with the proceeds or will we continue to pay interest on the $7 million for years to come. The smart thing to do would be to pay off the debt, but when is Mayor Segarra known to do the smart thing as it comes to the finances of the City.
It is probably more important to be able to say that the budget is balanced for Segarra in an election year than it is to saddle the taxpayers with $7 million dollars in non producing debt.
I think Ronald Reagan used to call it voo-doo economics, it is all smoke and mirrors