The State of Connecticut recently increased the level of oversight and monitoring of the finances of its 169 municipalities with the creation of the tiering system in 2017. The tiering system categorizes fiscally distressed municipalities based on their fiscal health and stability. The level of oversight and involvement by a designated statutorily created board increases as the fiscal health of a given municipality is deemed less secure.
This policy briefing details this oversight, discusses the boards that oversee and work with municipalities, and examines the authority granted to these boards to improve the fiscal health of municipal finances.
Citation
School and State Finance Project. (2020). State Fiscal Oversight of Connecticut Municipalities. New Haven, CT: Author. Retrieved from https://schoolstatefinance.org/resource-assets/Fiscal-Oversight-of-Municipalities.pdf.