Hartford Mayor Luke Bronin said Monday that he will seek to spend about 40% of the estimated $117 million the Capital City could receive from the recently passed American Rescue Plan to fund economic and community development efforts. The largest single share, amounting to $47.3 million, would go toward stimulating economic development and growth in Hartford, including funding “key neighborhood investments” and supporting public-private partnerships, such as those overseen by the Capital Region Development Authority. According to the mayor, funds allocated under the American Rescue Plan must be spent by Dec. 31, 2024. The mayor said his budget prioritizes basic city services, including public safety and core public works functions. It is balanced, he added, does not rely on any one-time revenues, and does not increase the city’s mill rate.
https://www.hartfordbusiness.com/article/bronin-wants-47m-in-federal-stimulus-aid-to-fund-hartfords-economic-development-efforts