Peter's Place

"Widespread Access" and "Inconsistent" Spending: The Admissions & The Consequences By Peter C. Frank | The Bloomfield Dispatch BREAKING NEWS (Dec 30): CREDIT RATING DOWNGRADED Just moments ago, the bill for mismanagement came due. As we prepared to publish this analysis of the Administration's internal failures, S&P Global Ratings issued a bulletin lowering Bloomfield's credit rating to 'AA' and placing the town on CreditWatch Negative . The agency explicitly cited the "history of delayed audit filings" and warned of a "one-in-two likelihood" that the rating could be withdrawn entirely in 90 days. (Full details below). The Forensic Audit: Conclusion. In Part 5.1 and Part 5.2 of this series, we analyzed the first ten reasons provided by Finance Director Darrell Hill to the State Office of Policy and Management (OP...

The Offline Government (Part 1): The Blind Checkbook On January 3rd, they boasted of "Strong Finances." On that same day, internal logs show the Town didn't know how much money was in the bank. By Peter C. Frank The Bloomfield Dispatch  (Read Part 4.5 ) BLOOMFIELD, CT — On January 3, 2025, the political leadership of Bloomfield took a victory lap. In a public post, Town Council leadership boasted of the Town’s "AA+ Bond Rating" and "Strong Finances," explicitly crediting the "Mayor, Town Manager, and CFO Hill" for their stewardship. They told residents that the ship was steady and the course was true. But internal correspondence obtained by The Bloomfield Dispatch reveals a stark contradiction: On the very same day leadership was publicly celebrating fiscal stability, the Finance Department’s own internal logs showed they had ceased reconciling t...