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BOARD OF FINANCE  

At the May 10 town budget meeting, Old Saybrook First Selectman Michael Pace said that the proposed budget for next years "carries the philosophy our board (of selectmen) has had over eight years."

First Selectman Richard Smith said the Deep River proposed 2007-08 fiscal budget is only slightly higher than 0.74 percent more than last year's budget.

About twenty residents attended a public hearing where Board of Finance and Board of Education officials discussed details of a proposed $11.5 million budget.

Creation of a dog ordinance, reallocating town money covering legal expenses, purchasing a catch basin cleaner, an ordinance to create a Senior Citizen Advisory Committee, and a change in the tax relief program are on the agenda for a Aug 31 town meeting.

Before a room of 40 individuals, Board of Finance Chairman Paul Connelly, Board of Education Chairman Matt Alaimo, and Superintendent Patricia Charles explained the proposed budget for 2008-09.

Two years in a row, this town has spent its legal budget before the end of the fiscal year leading the Board of Finance to appropriate even more money to cover the difference.

A heated debate regarding a $30,092.50 over appropriation for legal fees for town counsel led residents to question whether the Board of Selectmen and Board of Finance actually followed the law.

Voters headed to the referendum at the Mulvey Municipal Center on Tuesday, June 5 between 6 a.m. and 8 p.m. so they could make their voices heard regarding a proposed $22.16 million budget.

First Selectman Michael Pace said a number of items including spending of surplus funds, accepting ownership of new voting machines, and revising Harbor Management Commission fees will be discussed and voted on at a special town meeting on Oct. 18

First Selectman Dick Smith admitted a clerical mistake was made, leading the town to appropriate $147,895 less than it should have for Regional District 4 for the fiscal year '06-'07 budget.

Of the three, Westbrook is the one which one time won the distinction of being the last town in the state on January 19, 2006 to pass a budget for the 2005-06 fiscal year forcing the town to present five budget proposals to residents before a budget was finally approved.

Connecticut Magazine recently recognized Old Saybrook as the best town in the state with a population between 10,000 and 15,000. Old Saybrook, with a population of 10,367, specifically received its honors for leisure, economy, crime, and education.

Connecticut Magazine recently recognized Old Saybrook as the best town in the state with a population between 10,000 and 15,000. Old Saybrook, with a population of 10,367, specifically received its honors for leisure, economy, crime, and education.

A three-year contract between the Town of Deep River and the Deep River Municipal Employee Union was recently approved, First Selectman Richard Smith said.

The Board of Finance has scheduled a special meeting on Jan. 29 at 7:30 p.m. in the Mulvey Municipal Center to further discuss appropriating additional legal funds after the first half of the fiscal year is estimated to cost over $56,000.

A request for a refund for a building permit fee for 12 Rivers Ridge Road has lead this town to consider creating a policy.

An analysis of the Ramsey County Board of Commissioners, the body which directs and governs the "everyday factors" in the lives of the people of Ramsey County.

It is never a good idea for a Board of Selectmen to be without access to legal services, a premise the Board of Finance used at a Feb. 12 meeting when deciding to approve additional funds to the town's legal accounts.

The Westbrook Democratic Town Committee recently announced their nomination of Chris Ehlert to fill the vacancy on the Board of Finance.

A higher than expected cost for a new fire truck will require a restructuring of the Fire Department's capital budget for next year, First Selectman Michael Pace said.

The Board of Selectmen had a ten year Capital Improvement Plan on the agenda of the Oct. 4 town meeting that turned out to be full of mathematical errors, mistakes, and outdated information.

Should the town forgive back taxes to an owner promising to remediate a piece of contaminated property?

Often times when departments come to the Board of Finance, such as the Tax Assessor's Office, they are requesting more money than the Board is willing to allocate.

The town has been giving away "free" loans to developers for the last several years, according to Treasurer Darlene Jones.

For a small town with a year-round population of only 6,000 people, legal expenses have spiraled out of control for the second year in a row in Westbrook, Conn.

The top five bids for the proposed library expansion and renovation project have recently been released but the Westbrook Public Library Renovation and Expansion Committee is still considering the lowest two bids.

This is the paper prepared for the University of St. Francis' senior capstone Business Policy class.

The town is one step closer to getting a new home for its Public Works Department and dog pound now that the Board of Selectmen have approved a contract allowing work to begin.

A deal of sorts was made on April 21 when the Board of Selectmen and Board of Finance voted at their joint meeting to forgive part of the back taxes and interest owed on 88 Pond Meadow Road.

A two-step program to replace windows in the John Riggio Municipal Building has recently been approved by the Board of Selectmen.

The House Government Reform Committee's hearings into Roger Clemens' alleged use of steroids and Human Growth Hormone is just the latest in a series of investigations of "America's Pastime" by Congress

A possible Microsoft acquisition of Yahoo! leads consumers to question what may change for them. Will they leave Google in the dust?

A guide on Massachusetts Town Meetings and discussion of one such town's meeting warrant

Using a real budget as an example of stripping down to the basics of a diligent public education system

Two entrepreneurs are hoping to make it big with their youth focused financial site. Will this explode like MySpace and Facebook? Or will it be another website dream gone bust?

starting a club or group in college from the ground up is a tough challenge but if you put together a great executive board, you can accomplish almost anything

The following piece presents a comprehensive review of Bear Stearns, a New York based investment bank and brokerage firm.

A brief article detailing the fall of WorldCom (now Verizon). Read to find out what led to the largest bankruptcy filing in U.S. history.

Learn about dividends, the New York Stock Exchange, and Bulls and Bears!!!

A college-level paper detailing the role and responsibilities of the finance manager in a corporate setting.

Commercial banks received full underwriting powers around 1999. However, some still preceive such power as a conflict of interest, as well as risky to investors.

The SSDI program is in the midst of a growing crisis. Waits are growing and staff is shrinking -- steps must be taken to ensure that Americans with disabilities have access to the benefits they paid for. Allsup Inc. reviews the current state of SSDI in the U.S.

The CFSA was founded for the purpose of protecting the rights of payday loan consumers. Unfortunately, the CFSA is run by the Payday Loan Companies.

In one of the smallest towns in Connecticut with only 2,078 residents, according to the 2006 U.S. Census, the entire Board of Selectmen is running for re-election facing no challengers.

Know the reasons for one of the greatest fall the Indian Stock Market has ever seen. Index SENSEX falls more than 12% and trading was stopped for an hour. Articles discusses the reasons behind this and its further consequences.

Time is slowly ticking away making it possible that voters will be heading to the polls on Election Day without the opportunity to hear a debate by candidates running for the Board of Selectmen.

The Board of Selectmen at its Oct. 2 meeting authorized bringing a $2.5 million sewer extension project to residents in the form of a town meeting followed by a scheduled referrendum.

Over 70 residents gathered in the Multi-Purpose Room of the Mulvey Municipal Center on election night waiting to hear results from what political party members believed to be a close race with high voter turnout.

In Vermont, my adopted home state, we do something relatively few others manage these days. Namely, once a year, Vermonters defy blizzards, sub-zero cold, flu, and the demanding outside world to practice participatory democracy at its most basic level.

The Westbrook Senior Center located in the basement of the Teresa Mulvey Municipal Building has changed over the course of the past several weeks and some think it's not for the better.