Outstanding debt: Town’s borrowing has declined from $140 million to $60.7 million over last two decades

On average, American households have about $15,000 of credit card debt, according to NerdWallet.

Town debt peaked and has been in decline for more than a decade. Looming capital expenditure needs could change that, although town officials work to limit borrowing and try to time major projects so they don’t balloon the debt. Ridgefield’s outstanding debt has fallen from a peak of about $140 million after borrowing for the $90-million school bundle — renovations … read more

Closing in on a zero increase: Marconi trims town departments’ spending

There’s a zero percent increase, and there’s a zero increase. The selectmen started their budget work Monday looking at a $38-million budget proposal for town departments and road work next year that would amount to a 0.58%. Getting it down to 0.00% would mean finding about $223,000 in cuts — in a budget proposal where jobs have already been reduced … read more

Budget bummer: Town expects insurance bump

With insurance costs a major obstacle to holding the 2019-20 town budget increase down, the selectmen will begin their budget work with four meetings the first week of February. “The big question this year is health insurance, as it is most years,” First Selectman Rudy Marconi said. “We need to figure that out, and no one has yet but we’re … read more

Tri-board meeting is Tuesday in town hall annex

The tri-board meeting — the annual town meeting of the Board of Finance, Board of Selectmen, and Board of Education — will be held Tuesday, Dec. 18, at 7:30 p.m. It will be held in the Board of Education conference room in the town hall annex, located at 66 Prospect Street. The meeting typically looks at the town’s financial picture … read more

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