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Board approves budget transfers and performance reports; S&P assigns top short‑term rating ahead of BAN sale
Summary
The Board of Finance approved budget amendments and accepted budget performance reports through Jan. 31, 2026; officials announced S&P assigned S&P 1+ short‑term rating and set a bond anticipation note sale for $16,325,000 on Feb. 24, with closing March 12. The assessor reported the grand list was signed on time.
The Torrington Board of Finance approved budget amendments and transfers for FY25–26 (pending City Council approval) and accepted the city's budget performance reports through Jan. 31, 2026 during its Feb. 17 meeting.
Finance staff and department heads reviewed specific transfers, noting HSA contributions are budgeted within department 44 and transfers for WPCA and equipment maintenance are budgeted in their respective funds.…
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