Saturday, November 15, 2014
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Tuesday, November 11, 2014
Veteran's Day
Thursday, April 17, 2014
Hamden Sells Blighted Property to Improve Neighborhood
Tuesday, March 18, 2014
Mayor's Proposed Budget 2014-2015
HAMDEN >> Mayor Scott Jackson left a proposed $207 million budget in the hands of members of the Legislative Council Tuesday night.
Jackson presented his 2014-15 fiscal budget — a $7 million increase over the current budget — to the council, citing pension, medical and additional employment needs as having an effect on the proposed tax increase. If approved, the tax rate would increase by 1.25 mills, from 38.94 to 40.19 mills.
“This is an active budget,” Jackson said.
Dedicated funds for the town’s retirement benefit could see an increase from $13.5 to $18.8 million. Incorporated into the $18.8 million is an interest-only payment of $3.4 million for the town’s pension obligation bonds.
The pension crisis is a result of the pension fund never having been properly funded, Curt Leng, chief administrative officer, has said.
“My friends, we have caught the tail of this beast and we will tame it,” Jackson said.
Leng said funding the town’s pension is 81 percent of the budget’s increase.
Medical costs could increase from $33.8 to $34.5 million.
With work left to do, Jackson tipped his hat to the town’s financial accomplishments.
“We’ve turned a $9 million deficit in the medical self-insurance fund into a surplus. We’ve established a plan to repair our broken pension fund over time without massive tax increases to what sometimes feels like an endangered species — the middle class taxpayer,” Jackson said.
Added town jobs could include a blight officer, program specialist and a new Department of Information and Technology.
While not a financial change, Jackson also proposed moving the Board of Education into Government Center at 2750 Dixwell Ave.
“I propose to you that the singular job of the Board’s Central Office is to educate children. Nothing else,” Jackson said.
Leng said the conversation of the school board and the town has been discussed for approximately a decade.
“If the town wasn’t addressing the pension crisis with the comprehensive pension reform plan implemented last year, the mayor’s proposed budget inclusive of important small increases to police and fire could have been increased without raising taxes at all,” Leng said.
Legislative Council President James Pascarella said Jackson’s presentation was “well done.”
“Now we have to do our due diligence and review the budget line by line. Some numbers will mature over the next six weeks. Some projections may change, but we will come up with a fair and balanced budget,” Pascarella said.
Call Ebony Walmsley at 203-789-5734. Have questions, feedback or ideas about our news coverage? Connect directly with the editors of the New Haven Register at AskTheRegister.com.