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Alliance Statement on Raised S.B. No. 464 - An Act Establishing the Hartford Financial Sustainability Commission

On March 28, Alliance President and Chief Executive Officer Oz Griebel testified before the Connecticut General Assembly's Finance, Revenue and Bonding Committee on Raised S.B. No. 464 - An Act Establishing the Hartford Financial Sustainability Commission. Written testimony was also submitted. The Alliance strongly supports the components of the bill allowing compensation and benefit package reform for the City's unionized workforce and reducing the annual contribution to the City's pension fund until fiscal sustainability is achieved. We reiterate the need for private sector participation in the reform and reduction process and urge the inclusion of five additional components to gain the support and engagement of the private sector. Read the full statement here.