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Norwich City Council alters $14.4 million American Rescue Plan spending

Norwich City Council alters $14.4 million American Rescue Plan spending
norwichbulletin.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from norwichbulletin.com Daily Mail and Mail on Sunday newspapers.

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The Day - Norwich considers bonding to cover $144 million in unfunded pension obligations

Norwich City leaders and finance officials presented a plan Tuesday that would fully fund the city’s unfunded pension obligation by bonding the entire estimated $144 million at current low interest rates, saving an estimated $43 million over 30 years.
Members of the City Council, Board of Education, Board of Public Utilities Commissioners and Personnel and Pension Board listened as finance and bonding experts explained the plan Tuesday. It would need voter approval in a November referendum and approval by the state treasurer and Office of Policy and Management.
“This could really be a game-changer in the way the city funds its annual pension obligations,” City Manager John Salomone said. He said the city could take advantage of the “extraordinarily low” interest rates to finance the plan. ....

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The Day - NCDC selects former Mohegan Tribal Chairman Kevin Brown as new president - News from southeastern Connecticut

The Day - NCDC selects former Mohegan Tribal Chairman Kevin Brown as new president - News from southeastern Connecticut
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The Day - Norwich City Council debates, adopts preliminary budget - News from southeastern Connecticut

The Democrats request came shortly after they proposed adding $72,000 to the budget.
The tenor of the discussion abruptly reversed, however, when freshman Democratic Alderwoman Ella Myles proposed a compromise by simply asking the city manager to seek possible cuts or alternate revenue sources to offset the proposed 1.5% tax increase in the proposed budget.
Democrats called the request to ask City Manager John Salomone to find $4 million in cuts to his proposed budget “hypocritical” and “political theater,” saying it’s the council’s duty to deliberate on the budget after the city manager presents it. Republicans countered that they were just looking out for the taxpayers, who have faced job losses and personal losses during the pandemic. ....

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The Day - Norwich committee discusses easy, controversial proposals in new fire study - News from southeastern Connecticut

Norwich The City Council Public Safety Committee started work on a plan to upgrade antiquated fire radio and dispatch system, a top priority in the new fire services study, and voiced support for a controversial idea to create a fire commissioner to oversee all fire departments.
The committee on Wednesday discussed the 194-page report by McGrath Consulting Group, released Feb. 16, for the first time Wednesday and started the process to obtain cost estimates for fire radios and upgrades to the dispatch system.
Committee Chairman Alderman Joseph DeLucia said much of the report will be reviewed methodically rather than as “a snowball running downhill,” noting the fire communications system is an immediate need. ....

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