- Sunday, September 6, 2015
The Board of Finance voted unanimously August 27 to adopt additional criteria to Newtown’s Debt Management Policy, which helps inform and guide officials on the issuance, management, evaluation, and reporting on municipal debt obligations.
The amendments to the policy were made by Finance Director Robert Tait following a lengthy review of past and present debt analyses, as well as an attempt to predict future borrowing patterns.
- Friday, May 22, 2015 at 8:42 am
It was not lost on local officials that in a 20-year window, Newtown’s pension investments have met a benchmark goal set by local policies. It was the last five years that have prompted a call for hiring a pension consultant.
- Thursday, March 19, 2015 at 8:56 am
As officials prepare to move into the final stages of finalizing the 2016 budget proposal, selectmen on March 16 were forced to amend the current year spending plan by nearly $300,000 to accommodate the materials and overtime costs required to keep Newtown’s roads clear and safe this winter.
- Wednesday, February 18, 2015 at 8:56 am
First Selectman Pat Llodra and Public Works Director Fred Hurley sat down with the Board of Finance on February 9 to try to unravel some confusion that has developed regarding premature road “delamination,” which originally resulted in postponed spending for local road projects in the coming year’s budget.
- Monday, March 24, 2014
Sandy Hook resident Richard Fenaroli firmly believes an informed taxpayer will tend to be more involved in the budget process. To that end, he formally requested the Legislative Council act to publish the entire town roster of employees by name, the position they hold, and the gross amount of income and benefit costs of those employees to taxpayers.
He also requested that similar data be posted for all current town pensioners.
- Saturday, November 30, 2013
Beginning with the next application period, local seniors applying for town tax relief will likely be asked to sign an asset affidavit. The decision was made following a brief question-and-answer session with Tax Collector Carol Mahoney and Finance Director Robert Tait during the Board of Finance meeting November 25.