| TOWN OF STRATFORD PROPOSED OPERATING BUDGET FISCAL YEAR 2010 PROPOSED OPERATING BUDGET SUMMARY FY 2010 YEAR FY 2006 FY 2007 FY 2008 FY 2009 MAYOR REVENUES ACTUAL ACTUAL ACTUAL BUDGET PROPOSED Property Taxes Current Levy 117,614,080 128,278,091 133,328,458 135,889,984 138,568,727 Arrears 3,532,701 2,738,544 1,576,162 2,170,318 2,527,540 Interest & Liens 614,725 492,704 536,165 477,000 477,000 Payment in-lieu of Taxes 223,106 219,351 225,762 221,906 221,906 State of Connecticut 24,727,456 24,727,739 29,107,614 28,118,403 28,223,962 U. S. Government 110,256 50,000 45,772 115,500 65,500 Departmental Revenues 2,373,734 2,443,564 2,270,095 1,887,375 1,535,901 Permits & Licenses 590,647 598,136 428,323 519,600 427,900 Investment Income 1,355,994 1,814,262 1,410,334 1,345,610 1,187,998 Tax Relief Fund 770,800 - Other Revenues 2,518,577 4,207,518 4,988,088 3,536,339 4,252,109 TOTAL REVENUES 154,432,076 165,569,909 173,916,773 174,282,035 177,488,543 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------- EXPENDITURES Municipal Services 52,842,142 55,823,249 59,211,137 58,682,319 58,995,395 Debt Service/Capital 10,891,561 14,023,519 14,338,809 11,586,515 11,692,867 Pension Benefits 15,236,698 15,714,044 16,078,887 16,726,494 18,527,634 Education 75,461,675 79,536,643 83,863,000 87,286,707 88,272,647 TOTAL Expenditures 154,432,076 165,097,455 173,491,833 174,282,035 177,488,543 Excess/(Deficit) Revenues over Expenditures - 472,454 424,940 - - ============================================================================================= The 1998 Pension BOND of $ 95,000,000 was supposed to pay 100 of annual $ 9.1 Million annual cost of Interest + Principle plus Pension Obligations from Returns on Investment + shortfall deposit. Instead the interest and principle was paid from the PENSION PORTFOLIO for ONLY 3 YEARS and then the DEBT was Transferred to the Tax Payers by the Town Committees' chosen Town Councilors. Town Managers and Town Attorneys had to have 100 % knowledge of this TRANSFER of DEBT OBLIGATION! Stock Market UNDER PERFORMED - 2 Years AFTER the PENSION COMPUTATIONS were changed in 1999 THEN a Town Council did not make a Pension Deposit, causing further under funding THEN a 3 year golden Parachute added 63 Pensioners (some may not have been intended), causing further under funding THEN certain political people allowed MOSTLY RANKING PERSONNEL, somehow called UNION, yet were responsible for their own and mutual work, overtime, oversight, and allowance? Since 1985 and before, have the people running the political parties and the town, worked for the PUBLIC INTEREST with BEST PRACTICES of FIDUCIARY MANDATED CONFORMANCE? Or have they used their POSITIONS of TRUST and PROFIT, for abuse of the former and steering of the latter? Below was taken exactly from the Stratford CT Website. I had to make physical adjustments to put on this Website, but did my best to maintain the INTEGRITY of INFORMATION - that is IF the INFORMATION does have INTEGRITY of showing the whole truth? ==================================================================================================== TOWN OF STRATFORD - PROPOSED OPERATING BUDGET - FISCAL YEAR 2010 OVERHEAD / DEBT - FY 2010 YEAR FY 2006 FY 2007 FY 2008 FY 2009 MAYOR Account Summary ACTUAL ACTUAL ACTUAL BUDGET PROPOSED CONTINGENCY 3,649,130 3,177,804 2,533,571 3,247,828 2,788,328 DEBT RETIREMENT 10,891,561 13,628,519 14,215,853 11,586,515 11,692,867 EMPLOYEE BENEFITS 24,608,402 25,480,173 27,257,002 28,049,725 30,344,885 OVERHEAD/DEBT TOTALS 39,149,093 42,286,497 44,006,426 42,884,068 44,826,080 ==================================================================================================== I have reseach from 1996 to present which shall be posted on this website, as time permits. To me, in my opinion and belief, it looks like the PENSIONS look like BRIBERY and the TOWN ASSETS have been delayed from development since 1992 for AVCO - 1980s Shakespeare - 1980s-1990s Raymark dumpsite, all waiting for the NEW MAYOR or the relected MAYOR, after a second Charter Revision Commission appears to have been a vehicle for plausible deniability, changing the TOWN CHARTER from the SPECIAL ACT CHARTER (permitted GRAND FATHERED RIGHTS) to the "HOME RULE ACT" (NO GRAND FATHERED RIGHTS) =================================================================================================== I have questions, IF a REASONABLE PERSON might feel there are appearance(s) of interest conflicts? <> One Republican Town Attorney's mom was secretary to 2 Police Chiefs. <> One Democratic Town Attorney is the son of 1985 retired Stratford Police Captain <> One Republican Town Attorney is on Payrole while appointed Chairman of Charter Revision # 2. he was Town Attorney in 1991, when the Town Wide Referendums were held, repudiating actions of the politicial parties desire to add a minim Budget to over tax the people, to increase revenue to people appointed by the political parties, who had the hiring ability to hire party loyalist, family, assets, OR others. YEAR FY 2006 FY 2007 FY 2008 FY 2009 MAYOR Department/Description ACTUAL ACTUAL ACTUAL BUDGET PROPOSED Payroll - Regular 35,447 53,896 58,933 58,808 58,808 Printing & Stationery 614 423 634 490 500 Why isn't legal secretarial work being done in TOWN HALL rather than OFF SITE & not in Town Computers? Law Library 9,927 11,414 16,132 9,000 9,000 (In 1998 total legal Salaries was $ 222,000 + ) Legal Salaries & Fees 613,203 666,965 775,361 450,000 450,000 Court Costs 149,654 121,012 228,851 96,500 105,500 Liability 450,231 333,565 528,194 400,000 400,000 TOTAL 1,259,076 1,187,275 1,608,104 1,014,798 1,023,808 INTERESTING MATH from the above figures?? COURT COSTS went DOWN! yet SETTLEMENTS JUMPED up/down Yet LEGAL FEES go straight UP? Who is responsible? Who has had oversite? Has there been QUID PRO QUO - FINANCIAL and otherwise (Political Appointments)? Long way since 1998, went the Town Legal fees for ALL ATTORNEYS were JUST OVER $ 222.000. |
| The below Budget came from Stratford Website. Questions and opinions I, George E. Mulligan raise are strictly political in nature and reflect my belief that there sare questionable billings and practices in the Town Attorney's office for over 2 decades! |
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