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Needed: $1.2 billion. In the bank: $468 million

APRIL 20, 2018 | by Thomas Breen | NEW HAVEN INDEPENDENT (CONNECTICUT)

“… The Harp administration has proposed the unusual step of borrowing $250 million to help shore up its underfunded pension funds. … Finance Committee alders largely balked at what they portrayed as an overly optimistic spin on a plan that would increase the city’s debt load without guaranteeing a successful paying down of the pension liabilities.”

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