April 29, 2020

In Fiscal Year 2018–19, the city raised property taxes, on average, by 1.9%.  When the books were closed on the fiscal year, the city found itself with a surplus of $14.3 million.

How did this happen?  Two primary reasons.

First, the Board of Representatives raised the f...

April 15, 2020

Board of Finance directs Mayor Martin and the Board of Education to work within tax and revenue projection that is $35 million less (~6%) than last year’s receipts and $65 million less (~10%) than the Mayor’s proposed projection

In an ordinary year, the Board of Finance...

April 6, 2020

The Advocate brings word of the chaos coronavirus has brought to municipal budgeting at home in Stamford.  

Unsurprisingly, the city’s revenue projections are highly uncertain.

In 2019, as set forth in our CAFR (short for “Comprehensive Annual Financial Report”), the cit...

April 3, 2020

[This post has been modified since it was originally posted.]

A Stamford friend—who is CEO of Biological Specialty Corp., a company specializing in control and disease state samples human samples, cell products, blood and other biofluids—writes that his company is "in u...

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