In keeping with the practice of releasing bad information late on a Friday, Burlington officials late today announced that Moody’s downgraded the city’s general obligation credit rating two notches and moved the city’s status from a “negative watch” to “negative outlook.”
This means the credit rating company will not review Burlington’s status until the city next pursues a bond sale.
This article appears in Jul 7-13, 2010.
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@ Jeff: Realism is for people who don’t smoke pot. -Bob Kiss.
No matter how bad things get you can count on Smilin’ Bob Kiss to stand there and repeat “We are optimistic that things will work out.” Well guess what Bob, the people of Burlington are tired of your baseless optimism and would like a little realism.
“Or is 7D sympathetic to Burlington’s Prog numbskull-in-chief?”Gee, ya think?Briggs does a decent job with BT. He’s the only one (as far as I can tell) who picked up on Schatz’s non-response to the query about the legality of the $17+m “loan.”
There’s nothing hypocritical about voting for someone, and then continuing to pay attention to their actions after the election. In an ideal democracy, that’s kinda what you want people to do.
Sadly, as far as I can tell, 7D, “Vermont’s Independent Voice,” hasn’t been asking the tough questions in this continuing scandal, at least not lately. Has the media lost interest? Or is 7D sympathetic to Burlington’s Prog numbskull-in-chief? Either way, the lack of interest is unfortunate because as you point out it is inevitable that CitiLease will foreclose on BT and then the s___ will hit the fan for Burlington and Vermont.