Conn. Gen. Stat. § 7-576a: Designation as tier I municipality. Application for designation as tier I municipality.

The Municipal Finance Advisory Commission (1) shall designate as a tier I municipality, for the fiscal years ending June 30, 2026, and June 30, 2027, any municipality that has been a distressed municipality for fifteen or more consecutive years, provided such municipality has a population of greater than fifteen thousand but less than twenty thousand, as determined by the most recent decennial census, and (2) may designate any other municipality referred to said commission pursuant to subsection (d) of section 7-395 as a tier I municipality, based on an evaluation of such municipality's financial condition and financial practices. The chief elected official of any municipality that does not meet the conditions identified under subsection (d) of section 7-395 may apply to the Municipal Finance Advisory Commission for designation as a tier I municipality, provided such official (A) expects that such municipality will meet one or more such conditions in the following twenty-four month period, and (B) submits a report to the Municipal Finance Advisory Commission, in a form and manner prescribed by the commission, that confirms that such condition or conditions will be met in such period. In addition to the requirements of section 7-394b, each municipality designated as a tier I municipality shall prepare and present a five-year financial plan to the Municipal Finance Advisory Commission for its review and approval.