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The Day - Norwich will ask voters to bond $145 million pension debt, expected to save money

The Day - Norwich will ask voters to bond $145 million pension debt, expected to save money
theday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theday.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 - Controversial fire issues cause firestorm in Norwich City Council debate - News from southeastern Connecticut

The Day - Controversial fire issues cause firestorm in Norwich City Council debate - News from southeastern Connecticut
theday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theday.com Daily Mail and Mail on Sunday newspapers.

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Norwich: No on amending volunteer fire relief, yes to fire director

Norwich: No on amending volunteer fire relief, yes to fire director
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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Norwich budget increases school funding despite grant loss for budget

Norwich budget increases school funding despite grant loss for budget
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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