Standing Bonding Subcommittee Special Meeting

The City of New Britain Standing Bonding Subcommittee held a special meeting on November 4, 2026. Members approved a motion to refer to the Common Council with a favorable recommendation a resolution authorizing up to $115 million to refund certain outstanding bonds identified by the city’s municipal adviser as potentially eligible for savings due to lower interest rates. Bond counsel described the remaining provisions as typical statements included in such resolutions.

The subcommittee also discussed a proposed $4 million appropriation and bond authorization for information technology improvements. The finance director said the funding would address multiple outdated software and hardware systems, including issues identified during recovery from a cyberattack; unreliable systems have disrupted operations such as payroll and tax collection. A motion for favorable recommendation was introduced and seconded, but the transcript does not record a vote on it. No vendor selections or contracts were identified.