Thank you!
Your support is sustaining the future of local news in our communities.

Centrella: Town’s general fund balance is only $300,000

WINSTED — According to town Finance Director Henry Centrella, the town has approximately $300,000 left in the general fund balance portion of its 2010-11 fiscal year budget.The 2010-11 fiscal year is set to end on June 30.Centrella said that the figure is an estimate and the town will have a better estimate on the figure when the fiscal year ends.“We still have a month-and-a-half to go,” Centrella said. “As of right now, the town has not run out of money.”Mayor Candy Perez said it might be possible for the Board of Selectmen to find budgetary savings of up to $200,000, if necessary, and put the savings into the fund balance of the budget.“I’ve been worried about [the fund balance] for a long time,” Perez said. “The interesting thing is that in fiscal 2007 we had $1.7 million, but it’s been going down ever since.”Speaking at a special Board of Selectmen’s meeting on Wednesday, May 11, Selectman Glenn Albanesius said he is also worried.“This town is a couple hundred thousand dollars away from going out of business, and that’s reality,” he said. “This town is almost bankrupt. The fact of the matter is that we have to make decisions to keep the town afloat.”In December, Moody’s Investor Service downgraded the town’s general obligation bond rating from Aa3 to A1. A general obligation bond is a type of bond secured by either state or local governments that acts as a pledge to use resources to repay bond holders. Moody’s Investors Service, which was founded in 1909, is a national credit rating agency that conducts financial research and analysis on commercial and government entities. According to the report issued by Moody’s, a major factor in downgrading the town’s rating is due to the decline of the general fund balance.At the end of fiscal 2009, the town ended with a total general fund balance of $991,000, down from $1.63 million in fiscal 2007. Back in December, Moody’s projected that fiscal 2010 would see a further decline in the balance to $686,898, representing a 30.1 percent decline from fiscal 2009. “Operating deficits have been driven primarily by unfavorable budget to actual variances caused by overspending on education, employee salaries and public safety,” the report states. “The town did not budget to appropriate any fund balance in 2011, but management indicated that continued overspending on education is likely, which could require the use of reserves.”

Latest News

“The Divine Sister” comes to Sharon Playhouse for one-night benefit
Playwright and performer Charles Busch is “The Divine Sister.”
Provided

Continuing a popular tradition, the Sharon Playhouse will present a one-performance-only staged reading of “The Divine Sister,” another riotous comic romp by the acclaimed playwright and performer Charles Busch, on Friday, Aug. 28 at 7 p.m.

The play is a wild and witty homage to Hollywood films that feature nuns — from “The Song of Bernadette” and “The Bells of St. Mary’s” to “The Singing Nun” and “The Sound of Music.” It is classic Charles Busch: wickedly funny, gloriously over-the-top and overflowing with theatrical joy.

Keep ReadingShow less

KK Kozik sees things differently

KK Kozik sees things differently

KK Kozik in her studio

Natalia Zukerman
Maybe it takes the ability to interpret what you’re looking at to really see.
— KK Kozik

KK Kozik has a theory about getting older.

“I don’t think you have eyes to see until you have eyes to see,” said the painter. “And maybe it takes the ability to interpret what you’re looking at to really see, and maybe that’s what comes with wisdom.”

Keep ReadingShow less
Lakeville Open Horse Show returns for 69th year

Jazzmine Bone and A Stitch in Tyme power through the Gambler’s Choice run during the 2024 Lakeville Open.

Caitlin Von Graf

For nearly seven decades, the Lakeville Open Horse Show has brought riders, horses and spectators together for a day of competition and community.

This year’s show takes place on Sunday, Aug. 30, at Riga Meadow at Coole Park, 1031 Bengal Amenia Road in Millbrook.

Keep ReadingShow less
google preferred source

Want more of our stories on Google? Click here to make us a Preferred Source.

A new home for contemporary music in Connecticut

This year, the ARChive of Contemporary Music, or ARC, is moving its collection to a permanent home in Ridgefield, Connecticut.

ARC is somewhat hard to imagine. Comprised mainly of huge collections from musicians, archivists, and DJs, it has compiled more than three million sound recordings, consisting of over 90 million songs.

Keep ReadingShow less
A Vietnamese water puppet musical returns to the quarry where it began

“The Magnificent Ms. Pham” combines Vietnamese water puppetry, shadow theater, music and storytelling.

Provided

“The Magnificent Ms. Pham,” the first Vietnamese American water puppet show, is returning to the water where it was born. The perpetual motion puppet show will be at TurnPark Art Space in West Stockbridge, Mass., Aug. 28 and 29, following a sold-out New York City premiere earlier this year. The production was originally developed at TurnPark, where its puppets first danced across the surface of the quarry lake.

Created by Vietnamese American artist Tommy Nguyen and director and designer Doug Fitch, the production tells the story of Nguyen’s mother, Kim Pham, and her journey from Vietnam to the United States. The story moves between memory, Vietnamese history and mythology, and the realities of immigration, following Kim from her childhood in Vietnam through her escape as a “boat person” and eventual life in Houston, Texas.

Keep ReadingShow less
Barry Blitt draws for the Northwest Connecticut Arts Council

Cartoonist Barry Blitt created a design for a limited edition T-shirt for Northwest Connecticut Arts Council fundraiser.

Jennifer Almquist

A drawing by Barry Blitt is recognizable from a distance simply for his line quality and hint of watercolor. Known for his scathing political cartoons, this longtime cover illustrator for the New Yorker has leaned his shoulder in to support the NWCT Arts Council and its Aug. 29 fundraiser at Buck’s Rock Camp in New Milford. Blitt created a design for limited-edition T-shirts that will be available for sale at the event and online at artsnwct.org.

David Remnick, editor of the New Yorker since 1998, called Blitt “One of the greatest political cartoonists of our time.” A native of Canada, Blitt won a Pulitzer Prize for editorial cartooning and has created more than 100 covers for the New Yorker since 1992. Perhaps most memorable is his 2008 iconic fist bump between Barack Obama and Michelle Obama, “The Politics of Fear.” A quarter century of his sketches and drawings are collected in “Blitt: In One Eye and Out the Other,” published by Penguin Putnam. He has created books for children, including “George Washington’s Birthday” and “Once Upon a Time, the End, (Asleep in 60 Seconds).”

Keep ReadingShow less
google preferred source

Want more of our stories on Google? Click here to make us a Preferred Source.

google preferred source

Want more of our stories on Google? Click here to make us a Preferred Source.