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Showing posts with the label Audit Crisis

Bloomfield's Crisis of Governance Part 5.3: The Administrative Collapse

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"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cited the "history of delayed audit filings" and warned of a "one-in-two likelihood" that the rating could be withdrawn entirely in 90 days.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...

Bloomfield's Crisis of Governance Part 4

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The Cover-Up By Peter C. Frank ,   The Bloomfield Dispatch BLOOMFIELD, Conn. , December 4, 2025 — In Part 3 , we exposed the financial chaos: the "Material Weakness," the phantom OPM savings, and the exploding legal bills. But there was one question we couldn't answer: Why is the Administration hiding the truth about the delay? Today, The Bloomfield Dispatch is releasing documents obtained through the Freedom of Information Act that the Town hoped you would never see. These documents prove that while Town officials were telling the public that everything was under control, the State of Connecticut was preparing to intervene. And most damning of all: The leadership knew. 📄 DOWNLOAD THE OPM "TIER I" WARNING DOCUMENTS (PDF) 1. The "Tier I" Warning (The Receipt) On July 18, 2025 , Kimberly Kennison of the Connecticut State Office of Policy and Management (OPM) sent a formal letter warning that Bloomfield now meets the eligib...