New Britain Finance Director Departs Following Bond Rating Upgrade

July 29, 2025 - 06:13

NEW BRITAIN — New Britain Finance Director Jonathan Perugini is departing from his position after achieving a significant milestone for the city. Under his leadership, all three major national bond rating agencies have upgraded New Britain’s credit rating, reflecting improved financial management and fiscal responsibility. This upgrade is expected to lower borrowing costs for the city and enhance its financial standing.

Perugini has been instrumental in implementing strategies that strengthened the city’s financial health, including prudent budgeting and effective revenue generation. His efforts have not only garnered the attention of bond rating agencies but have also instilled greater confidence among investors and residents alike.

As he moves on to new opportunities, Perugini leaves behind a legacy of fiscal improvement and a solid foundation for future financial initiatives. The city will now seek a successor who can continue the momentum and uphold the standards set during his tenure.