Blogs

HOMICIDE ARREST PRESS CONFERENCE AND REWARD

ANNOUNCEMENT
WHEN: Wednesday, June 7 at 1:00 PM
WHERE: Police Headquarters, 1 Union Avenue, 3rd Floor Atrium
WHO: Police Chief Karl Jacobson and Mayor Justin Elicker
WHAT: The New Haven Police Department will hold a press conference to announce an
arrest in the homicide case that occurred on November 6, 2020 at 162 Bassett Street. The
press conference will be held on Wednesday, June 7, 2023, at 1:00 pm at the New Haven
Police Department headquarters, located at 1 Union Avenue, New Haven, CT, 06519.
The press conference will provide information on the investigation and the arrest of the
suspect. The identity of the suspect and other details of the arrest will be discussed during
the press conference.
Furthermore, the New Haven Police Department will announce a reward for information
leading to the arrest and conviction of the party responsible for the homicide of Nico
Seraceni. The reward will be discussed during the press conference.

MANNY JAMES
Arts & IDEA

DIXWELL NEIGHBORHOOD FESTIVAL

TREASURER RUSSELL ANNOUNCES SUCCESSFUL $715 MILLION GENERAL OBLIGATION BOND SALE  

Strong orders follow credit rating upgrade from Kroll and inaugural Investor Conference  

HARTFORD, Connecticut – Thursday, Connecticut State Treasurer Erick Russell announced the results of the successful $715 million State of Connecticut General Obligation (GO) bond offering. The bonds will fund a variety of capital improvement and grant programs across Connecticut, and refinance existing bonds, saving taxpayers nearly $25 million over the next decade. 

“This bond offering was tremendously successful, showcasing Connecticut’s strong standing with investors,” said Treasurer Russell. “Bonding is used to finance long-term projects of critical importance to state residents and our economy, supporting everything from roads and bridges to bioscience research. Effectively and responsibly managing these bonds ensures residents are getting the most value for their tax dollars and builds on the work to strengthen and stabilize state finances in recent years.” 

The sale included a total of $450 million of new money bonds, consisting of $100 million 2023 Series A Tax-Exempt Bonds and $350 million 2023 Series A Taxable Bonds. Also included were $265 million 2023 Series B Tax-Exempt Refunding Bonds to refinance existing bonds for savings. 

The strong demand for Connecticut’s bonds comes on the heels of the inaugural Connecticut Investor Conference, hosted last week by Treasurer Russell and Governor Ned Lamont. The event attracted nearly 300 attendees to Hartford to hear about state finances and ongoing projects from a collection of state leaders. Several of the investors that attended submitted orders for the bonds. 

In advance of the sale, Kroll Bond Rating Agency (Kroll) upgraded the credit rating for the state’s GO bonds from “AA” to “AA+” with an Outlook of “Stable.” 

The Kroll credit rating upgrade followed presentations made earlier this month to all four major credit rating agencies by Treasurer Russell and Office of Policy and Management Secretary Jeffrey Beckham.  

“Connecticut is earning a reputation as a state with a strong commitment to fiscal responsibility and long-term growth,” said Treasurer Russell. “The process of getting to this point wasn’t easy, but it was worth it. We are seeing the positive impacts of those reforms in the actions of both ratings agencies and investors.” 

Strong Orders from both Institutional and Retail Investors 

Consistent with past practice, Treasurer Russell gave retail investors priority on the tax-exempt bonds on Wednesday May 31^st. Retail orders received on the tax-exempt bonds totaled $687 million and Institutional orders exceeded $1.1 billion. This strong level of demand was helped in part from the Kroll credit rating upgrade, the Investor Conference, as well as the relative scarcity of Connecticut bonds in the secondary market.  

The State’s GO bond sale was the second largest bond offering in the national market this week, which helped garner investor focus and attention. 

The borrowing cost on the 20-year 2023 Series A tax-exempt bonds is 3.69% while the borrowing cost on the ten-year 2023 Series B tax-exempt refunding bonds is 3.08%. The 2023 Refunding Bonds will refinance existing higher-interest bonds and will result in debt service savings of $24.9 million over the next ten years. Total orders on the ten-year 2023 Series A Taxable Bonds exceeded $1.7 billion and resulted in a 4.69% borrowing cost.  

The $450 million new money bonds will fund: 

·         $98.0 million for Grants to Non-Profits and Municipalities 

·         $67.9 million for Housing Developments 

·         $60.7 million for the State Pier in New London  

·         $50.6 million for Economic Development Programs 

·         $25.0 million for the Small Business Boost Fund 

·         $23.0 million for State Park Repairs and Maintenance 

·         $17.1 million for Information Technology Investments 

·         $16.7 million for Town Aid Road 

·         $16.0 million for the Brownfield Remediation and Revitalization Program 

·         $13.8 million for CT Bioscience Innovation Fund 

·         $12.2 million for Training and Education 

·         $12.0 million for Pedestrian ways, including walkways, bikeways, and trails 

·         $10.0 million for School Security Infrastructure Competitive Grants 

·         $9.6 million for the Strategic Defense Investment Program 

·         $8.6 million for the Capital District Center cogeneration power plant 

·         $8.8 million for Environmental and Other projects 

Summary of GO Credit Ratings  

Prior to the sale, Kroll upgraded the State’s GO bond credit rating to “AA+” with a “Stable” outlook and three credit rating agencies affirmed the State’s GO bond credit ratings as follows:  Moody’s Investors Service at a “Aa3;” S&P Global Rating at a “AA-;” and Fitch Ratings at a “AA-.”All rating agencies attached a “Stable” outlook to the State’s bond credit ratings. Morgan Stanley, Inc. led the bond underwriting syndicate that sold the bonds. The bonds are scheduled to close on June 22, 2023. 

More information on the State's bonding programs is available at www.buyctbonds.com. 

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May 31, 2023 – NEW HAVEN POLICE INVESTIGATING A DOUBLE
SHOOTING ON GEORGE STREET THAT LEAVES TWO INJURED
New Haven, CT – Last night at around 8:30 pm, officers were alerted through ShotSpotter to
nine rounds of gunfire in the area of 800 George Street. Shortly thereafter, NHPD dispatch
received a call that two individuals had arrived at Yale-New Haven Hospital on Chapel Street
with gunshot wounds. The victims were dropped off in a vehicle that was no longer at the
hospital. One of the victims suffered a non-life-threatening graze wound while the other had
serious injuries but is in stable condition.
Officers located a crime scene in the area of 800 George Street where they found nine fired
cartridge casings and a handgun with an obliterated serial number hidden under a parked
car. Detectives from the Major Crimes Unit and Bureau of Identification responded to the
scene to collect evidence, and search for video surveillance footage and witnesses. The
investigation is still ongoing.
The New Haven Police Department is asking for the public's help in solving this incident.
Anyone with information about this incident is asked to contact the New Haven Police
Department Investigative Services Division at (203) 946-6304 or through the department’s
anonymous tip-line at 866-888-TIPS (8477).