- Thursday, November 13, 2014
The work of Newtown’s finance authorities is axiomatic: seek economy in the increasingly expensive enterprise of running a town. And in watching the early work of the Board of Finance and the Finance Department impacting the next budget cycle, some actual axioms come to mind. Waste not want not. A penny saved is a penny earned. Less is more. For some residents who may, for example, suffer a bone-jarring commute along some of the town’s more pothole-pocked byways twice a day, the economic zeal of budgetmakers may seem more like parsimony.
- Tuesday, October 14, 2014
To the Editor:
- Friday, November 1, 2013
Newtown is well on its way toward meeting a nine percent fund balance goal by the end of fiscal year 2015 as a result of unforeseen revenue surpluses and curtailed spending by various town departments in the fiscal cycle that ended June 30, 2013.
- Monday, March 25, 2013
To the Editor:
With the pending descent into anarchy here in the US, per Mr Barzetti’s letter in the 3/22 Bee [“Financial Collapse Is Near”], I would suggest he take his money from under the mattress and move to a country that is more politically and economically stable.
- Thursday, March 14, 2013
The Board of Finance has no line item authority over the school district budget request, but that did not stop its members from suggesting myriad ways the Board of Education and district administration could shave its $73,042,343 spending plan without necessarily eliminating key components like planned security enhancements, technology upgrades, facility maintenance and even full-day kindergarten.
- Tuesday, March 12, 2013
Following several motions and proposed amendments at a Board of Finance meeting Monday, March 11, officials unanimously recommended setting aside $420,000 in a contingency account to hire and train additional police officers and providing them with vehicles to guard public elementary schools.
The board also unanimously recommended funding a grant program for three local private schools to help pay for additional security measures.
- Thursday, March 7, 2013
It would not be unusual for Board of Finance school budget deliberations to extend to three hours or more. But despite the intention to do so on March 6, finance officials never cracked open the school budget book.
Instead, they heard public comment and spent the rest of their special meeting originally scheduled to take up the district budget proposal, trying to get a better understanding about the scope and cost of future school security measures.
- Wednesday, February 27, 2013
Along with a presentation on the Board of Education’s proposed 2013-14 budget, the Board of Finance also heard from the Police Commission and a representative of a Security Committee for the first time on measures that could be taken regarding school security at its special meeting on Tuesday, February 26.
- Friday, February 22, 2013
As Newtown struggled through its 2011 budget process, Board of Finance Vice Chair Joe Kearney was also watching closely as Governor Dannel P. Malloy rolled out a retroactive personal income tax increase in an effort to close an anticipated shortfall in state revenue projections.
At the time, Newtown’s Senator and State Minority Leader John McKinney decried the measure, calling it a massive new financial burden on the state’s middle class coming at a time when taxpayers could least afford it.