Town Expects to Keep Triple A Bond Rating; Capital Budget Process Continues

A roundup of what's happening in and around Greenwich Town Hall.

The Greenwich Board of Selectmen, from left, Dave Theis, Peter Tesei and Drew Marzullo, with thank you cards presented by the Greenwich Council Against Gun Violence. Photo credit: Barbara Heins.
The Greenwich Board of Selectmen, from left, Dave Theis, Peter Tesei and Drew Marzullo, with thank you cards presented by the Greenwich Council Against Gun Violence. Photo credit: Barbara Heins.

News tidbits from around Greenwich Town Hall.

Search for IT Chief Continues
The search for a new Information Technology Director continues. On Thursday afternoon, the nine-member search committee, headed by First Selectman Peter Tesei, interviewed three finalists for the post.

The three were selected from a field of 12 candidates initially interviewed by the committee, Tesei told his fellow selectmen at their Jan. 9 meeting. Once a candidate is recommended for the job, Tesei said he'll share the recommendation with Selectmen Drew Marzullo and Dave Theis, who would then interview the finalist before voting to hire.

Town Expects to Keep its Triple A Bond Rating
First Selectman Peter Tesei said that in a series of telephone conferences with financial rating agencies including Moody's, the town expects to maintain its Triple A bond rating.

At the Jan. 9 Board of Selectmen's meeting, Tesei said, "It should come as no surprise in that Greenwich is in the fairly enviable condition with fairly stable budget operation practices. There was a lot of focus on the financials ... we got very positive feedback from Moody’s ... essentially, they said unofficially that we are maintaining our Triple AAA status ... this is consistent with past practice."

Capital Improvement Projects Budget Planning
Tesei said that he continues to work on the draft of the 2014-15 Capital Improvement Projects Budget which he will present for a public hearing on Jan. 29.

According to Tesei, there are requests totaling $64 million. He expects to recommend projects that will total about $48 million, which he said, "are well within the perameters of the debt limit." Among the projects he expects to recommend for funding are completion of the Cos Cob Park at the former Cos Cob power plant site, and the Byram Park pool project. Tesei said that he will be meeting with the Junior League of Greenwich this week to continue discussions on the project for which the League will raise money.

A Big Thank You

Jonathan Perloe, president of the Greenwich Council Against Gun Violence, presented the Board of Selectmen with poster-sized thank you cards signed by the council's membership and concerned residents.

The cards were in recognition of the board's vote of support of stricter gun laws last August. Perloe said the group's holiday card drive held in December on Greenwich Avenue resulted in sending 1,001 cards to members of Congress calling for federal gun legislation.

The group was organized last year following the massacre at the Sandy Hook Elementary School in Newtown in which 20 youngsters and six of their teachers and administrators were killed by a lone gunman.  

Bill Effros January 13, 2014 at 10:05 AM
On January 8, 2014 The Town of Greenwich lost a Freedom of Information case to Greenwich Time at which The Greenwich Town Attorney asserted the right of the Town to secretly develop strategies to avoid disclosing more than a billion dollars worth of pending environmental claims at Greenwich High School because “it would destroy our ability to issue bonds.” Pursuant to the anti-fraud provisions made part of the RTM May 2013 bond resolution, this billion dollar pending claim must be disclosed by The Greenwich Comptroller to the Municipal Securities Rulemaking Board. If Mr. Tesei failed to disclose this information in his conversation with Moody’s, he has committed a federal crime. If Moody’s fails to disclose this information as part of its Town of Greenwich bond rating, it has committed a federal crime. Bill Effros bill@effros.com


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