Posts Tagged ‘Accountability’
Tuesday, June 15th, 2010
Check out this article in CT News Junkie on Unfunded Pension Obligations
An important piece this article does not mention is the “discount rate” or “Return on Investment” assumptions. When you assume, as New Haven does, a high and unrealistic 8-9% return every year, year after year, you only need to put in a small amount of money AND you can claim that we are “funding the pensions at 100% actuarial required amount”. The problem, is that if you assume 5% then the amount we need to put away in our CERF and P&F funds would skyrocket each year. Our funded ratio is very low AND we assume a high rate of return. I would recommend you request from our actuaries SEVERAL scenarios with the rate of return, pessimistic/ best guess/ optimistic ROI. Our current ROI is hopelessly optimistic and concealing the true problem in our city’s pension funds.
Tags: Accountability, Budget, City Of New Haven, Financial Sustainability, Pensions
Posted in Debt Obligations, Financial Sustainability | Comments Off
Friday, May 28th, 2010
Read the summary of the Board Of Alder meeting last evening on the City’s 2010-11 Budget and see how they voted.
Tags: Accountability, BOA, Budget, City Of New Haven, Mayor, NHCAN
Posted in Accountability, BOA, Budget, Voting & Elections | Comments Off
Monday, May 17th, 2010
There are signs that Alderpersons will ignore a historic petition of over 1000 names and make a compromise. Let them know how you feel about a tax hike in the worst economy since the great depression. Even DeStefano agreed to sign the petition (but then refuse) and sent out campaign literature only a few months ago touting that people can’t take a tax increase in this economy. Has the economy gotten better? Why is there now a proposed increase of between 9-20+%? That range which is often ignored by the media is directly from the Mayor’s own Management and Budget Office. We didn’t compute it, twist it, or massage it. Straight from Management and Budget. The reason they don’t say it to the press, is that they are trying to pull a fast one. Don’t let your alderperson try to sneak away from the true increase for some people of over 20% in this economy.
See the NHR article in todays paper
See the Op-Ed from yesterday’s paper on the BOE
Tags: Accountability, BOA, Budget, City Of New Haven, Urgent Action
Posted in BOA, Budget, Voting & Elections | Comments Off
Tuesday, May 11th, 2010
Lets put the pressure on Justin Elicker, BOA Finance Committee Member. Let him know how you feel about the budget or how a 9-20% tax and rent increase will effect your life. Be nice, but be clear and ask him to join over 1000 people who signed the petition.
Tags: Accountability, BOA, Budget, City Of New Haven, Finance Committee, Urgent Action
Posted in Accountability, BOA, Budget, Voting & Elections | Comments Off
Monday, May 10th, 2010
Updated
FINANCE COMMITTEE MEMBERS to vote on Mayors PROPOSED Budget Tuesday, May 18, 7pm City Hall.
Shah (Chair), Clark (Vice-Chair), Perez, Goldfield, Jackson-Brooks, Castro, Lemar, Morehead, Elicker, Bauer, O’Sullivan-Best
See how they voted in past budget cycles
Tags: Accountability, BOA, Budget, City Of New Haven, Finance Committee, Urgent Action
Posted in Accountability, BOA, Meetings, Voting & Elections | Comments Off
Thursday, April 29th, 2010
Thank You
We had a very successful turn out last evening and even won over the people turned out by the Mayor. Lets keep up the pressure to have the Board of Aldermen send the budget back to the Mayor.
Tags: Accountability, Budget, City Of New Haven, Finance Committee, Financial Sustainability, Mayor, Meeting, NHCAN
Posted in Accountability, BOA, Budget, Financial Sustainability, Mayor, Meetings, Transparency | Comments Off
Monday, April 26th, 2010
Final Public Hearing On The Budget. Bring Friends
City Hall, 165 Church Street, New Haven, CT 06511
Tags: Accountability, Budget, City Of New Haven, Financial Sustainability, Meeting, NHCAN, Rally, Urgent Action
Posted in Accountability, BOA, Meetings | Comments Off
