Results for: Debt

Found 3 articles.


The 7% Selectman: What Sherman’s Glossy Budget Mailer Didn't Tell You

Saturday, April 11, 2026

A forensic look at the town ledgers reveals hidden executive raises, phantom funds masking explosive debt, and a $1.16 million illusion designed to kick Sherman’s financial reckoning down the road.

The Illusion of Stewardship: Bankruptcies, Budgets, and Sherman’s $42.8M Trap

Saturday, March 14, 2026

A local administration manufactured a public safety panic over a drone. The real threat, however, lies in the town ledgers—where years of deferred maintenance and a hidden $2.3 million surplus quietly laid the groundwork for a generational tax burden.

The Cost of Denial: Bankruptcy, Blue Tarps, and a $42.8M Crisis

Tuesday, February 17, 2026

It began with officials denying obvious safety hazards. It escalated to crews frantically hanging blue tarps on a federal holiday. Now, as the $42.8 million Sherman School project demands more oversight, we uncover a troubling financial baseline: the First Selectman’s personal bankruptcy filing just weeks before his first election.